Valaris Limited filed Definitive Additional Materials (DEFA14A) on October 30, 2026, consisting of a shareholder letter urging a vote in favor of the proposed business combination with Transocean Ltd. ahead of a Court Meeting scheduled for November 24, 2026.

Key Highlights

  • Unanimous board recommendation: The Valaris Board unanimously recommends shareholders vote FOR the Transaction Resolution and related proposals, according to the filing.
  • Meeting date: The Court Meeting of Shareholders of Valaris Limited is scheduled for November 24, 2026, the filing states.
  • Purpose: The meeting is held in connection with the proposed business combination with Transocean Ltd., as disclosed in the filing.
  • Signatories: The shareholder letter is signed by Elizabeth D. Leykum, Chair of the Board of Directors, and Anton Dibowitz, President and Chief Executive Officer of Valaris Limited.
  • Voting options: Shareholders are directed to vote via the Internet, by telephone, or by returning the enclosed proxy card, per the filing.

Valaris Solicits Shareholder Support for Pending Transocean Combination

Valaris Limited, listed on NYSE as NYSE:VAL, filed Definitive Additional Materials with the U.S. Securities and Exchange Commission on October 30, 2026. The filing consists of a shareholder letter, or "a substantially similar form," that the company disclosed will be sent to shareholders of record prior to the Court Meeting set for November 24, 2026, in connection with the proposed business combination with Transocean Ltd.

According to the filing, the Valaris Board unanimously recommends that shareholders vote FOR the Transaction Resolution and related proposals. The letter, signed by Board Chair Elizabeth D. Leykum and President and CEO Anton Dibowitz, emphasizes that the shareholder vote is "very important" and requests that shareholders who have not yet voted do so immediately through available channels including the Internet, telephone, or proxy card.

The filing notes that it contains "forward-looking statements" within the meaning of federal securities laws, including statements related to the expected timing, completion, and effects of the proposed transaction. The company cautions that such statements are subject to risks and uncertainties, and that "actual results could differ materially from those currently anticipated." The filing identifies numerous risk factors, including the ability to obtain regulatory and shareholder approvals, potential litigation, business disruption during the pendency of the transaction, and the possibility that the transaction may not be completed on anticipated terms or at all. These characterizations are the company's own and subject to its cautionary language included in the filing.

What Was Disclosed

Valaris Limited filed a shareholder solicitation letter urging a vote in favor of its proposed combination with Transocean Ltd. at a Court Meeting scheduled for November 24, 2026. The Valaris Board's recommendation is unanimous, per the filing.