<p>Transocean is set to absorb rival offshore driller Valaris in a move that reshapes the upper end of the global rig market and adds fresh momentum to an already busy consolidation cycle.T he Switzerland-based offshore drilling heavyweight said it has signed a definitive agreement to acquire US-listed Valaris in an all-stock transaction valued at about &#8230;</p> </p><p><p>https://splash247.com/transocean-snaps-up-valaris-in-5-8bn-stock-deal/</p></p>