Major Shareholder (11.23%) Pledges Support for Transocean Merger

summarizeSummary

A significant shareholder group, holding 11.23% of Valaris's common shares, has entered into a support agreement to vote in favor of the definitive all-stock merger with Transocean Ltd.

check_boxKey Events

• Shareholder Support Agreement Signed

  A group of reporting persons, including Famatown Finance Limited, Greenwich Holdings Limited, and C.K. Limited, entered into a Support Agreement with Transocean Ltd. on February 9, 2026.

• 11.23% Stake Committed to Merger

  The reporting persons, who collectively beneficially own 7,812,190 common shares (approximately 11.23% of outstanding shares), have agreed to vote in favor of the all-stock merger with Transocean.

• Confirms Merger Likelihood

  This commitment from a major shareholder group provides increased certainty for the successful completion of the definitive business combination agreement with Transocean, which was previously announced.

auto_awesomeAnalysis

This Schedule 13D/A filing confirms that Famatown Finance Limited, Greenwich Holdings Limited, and C.K. Limited, a group associated with Mr. Fredriksen's family trusts, have formally committed to supporting the recently announced all-stock merger with Transocean. Their 11.23% stake represents a substantial voting block, significantly increasing the likelihood of shareholder approval for the transaction. This development provides greater certainty regarding the merger's completion, which was initially disclosed on February 9-10, 2026.