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OFS - Investor launches effort to sweep out Valaris directors - December 2019

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Luminus Management has called for a general meeting of Valaris’ shareholders to elect a new slate of directors. Formed by the merger of Ensco and Rowan Companies earlier this year, Valaris criticized the move and charged that Luminus revealed its “selfserving agenda” during discussions with the board. Valaris revealed new details of its discussions with Luminus, which owns 18.7% of the offshore driller, in response to the investor’s call for a new board. The......
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