Transocean to Acquire Valaris in $6.5 Billion Offshore Merger - Merger Arbitrage Mondays

Valaris Limited (VAL): $95.96

Market Cap: $6.68B

Deal Size: $6.51B

I was an energy tourist in the 2010s and as could be expected, my inexperience was rewarded with losses. One of those companies that delivered losses was the deep offshore drilling services company Noble Corporation (NE), which eventually went bankrupt in July 2020.

While I exited my stake l…