{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-004310","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2026-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.344423+00:00","generated_at":"2026-05-16T03:58:07.219642+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Transocean to acquire Valaris in all-stock deal valued at ~$5.8B; combined fleet of 73 rigs","bullets":["Deal valued at ~$5.8B; exchange ratio 15.235 RIG shares per VAL share; combined EV ~$17B.","Pro forma ownership 53% Transocean, 47% Valaris; expected closing H2 2026.","Identified cost synergies >$200M; combined backlog ~$10B.","Leadership: Keelan Adamson CEO, Jeremy Thigpen Executive Chairman; board 11 members (9 RIG, 2 VAL).","Combined fleet of 73 rigs including 33 ultra-deepwater drillships, 9 semisubmersibles, 31 jackups."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-004310","json":"https://secwatch.observer/filing/0001140361-26-004310.json","markdown":"https://secwatch.observer/filing/0001140361-26-004310.md","text":"https://secwatch.observer/filing/0001140361-26-004310.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000114036126004310/0001140361-26-004310-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000114036126004310/ef20065172_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:58:07.219642+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}