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ARBB News2 articles
Valaris Shares Retreat as Merger Arbitrage Gap Widens Following Transocean Deal
Valaris stock declined over 8% Tuesday, erasing some of its post-deal surge, as its fixed exchange ratio with acquirer Transocean links its trading pattern to the buyer's stock performance.
Seatrium Faces Petrobras Arbitration Over $55.7 Million FPSO Dispute
Seatrium shares rose 0.5% after its Jurong Shipyard unit initiated arbitration against Petrobras Netherlands to recover a withheld $55.7 million payment tied to a 2004 FPSO contract. The financial impact remains uncertain as proceedings begin in London.