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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Valaris
Valaris (VAL) investor relations material
Valaris Proxy filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Proxy filing summary30 Oct, 2026
Executive summary
Shareholders were urged to vote at the November 24, 2026 Court Meeting on the proposed business combination with Transocean; the board unanimously recommends the Transaction Resolution and related proposals.
The transaction is structured as a Bermuda scheme of arrangement under the February 9, 2026 Business Combination Agreement; the joint definitive proxy statement was filed October 14, 2026.
Voting matters and shareholder proposals
The board recommends voting FOR the Transaction Resolution and related proposals; shareholders were asked to vote promptly by internet, telephone, or proxy card.
Shareholder approval is among the conditions to completing the transaction; the Court Meeting is scheduled for November 24, 2026.
Board of directors and corporate governance
The board unanimously supports the transaction and related proposals.
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Latest events from Valaris
- Shareholder and court approvals precede a targeted Dec. 1, 2026 closing.VAL
Proxy filing - Backlog exceeded $3.9B as repricing and reactivations drove growth expectations.VALQ4 2023
- CADE cleared the combination; closing is anticipated in Q4 2026, pending remaining conditions.VALProxy filing
- A 15.235-for-one share exchange would combine the businesses, subject to votes and closing conditions.VALProxy filing
- Shareholders will vote on a major acquisition, cleared by antitrust review, closing in Q4 2026.VALProxy filing
- Q2 2026 delivered higher revenues and margins, but year-over-year results declined amid industry headwinds.VALQ2 2026
- Transocean's acquisition of Valaris advances with key regulatory approvals and pending shareholder vote.VALProxy filing
- Shareholders to vote on a merger exchanging Valaris shares for Transocean shares at a 15.235:1 ratio.VALProxy filing
- Q2 net income hit $151M, revenue rose 47%, and backlog reached $4.3B on strong demand.VALQ2 2024
Next Valaris earnings date
Q3 20262 Nov, 2026
Valaris
Next Valaris earnings date
Q3 20262 Nov, 2026
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Frequently asked questions
Valaris Limited is an offshore drilling contractor that provides drilling services to the global oil and gas industry. The company operates a fleet of offshore drilling rigs, including jackups, drillships, and semisubmersibles, which are used for exploration, development, and production drilling. Valaris serves oil majors, independent exploration and production companies, and government-owned oil enterprises, offering services in various offshore environments, including deepwater and harsh conditions. The company is headquartered in Hamilton, Bermuda, and its shares are listed on the NYSE.