Hogan Lovells represents Transocean in its acquisition of Valaris, creating combined company with value of US$17 billion

In a deal worth roughly US$5.8 billion, Hogan Lovells is advising Transocean Ltd (NYSE: RIG), a major global supplier of offshore contract drilling services for oil and gas wells, in relation to its impending acquisition of Valaris Limited (NYSE: VAL), a market leader in offshore drilling services across all water depths and geographies.