xxchicagobadboyxx
Oct 4, 3:02 AM
$RIG Merger terms are to issue 1058 new Rig shares @
$5.48 for 69.44M existing Val Shares.
Merger was to convert 69.44 Val shares for
$5.8B. 5.8B translates to 69.44 shares of Val @
$83.57, or
$5.48 SP for Rig. Rig is a clear buy at these levels as SP is below
$5.48 merger price, expected at merger date.
https://www.zacks.com/stock/news/2999391/transocean-moves-ahead-with-58b-valaris-deal-after-doj-nod?cid=CS-STOCKTWITS-HL-analyst_blog|company_news_energy_sector-2999391&adid=SYND_STOCKTWITS_HEADLINE_ANALYSTBLOG_254_2999391
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