Luminus Management disposed of 4.5m shares of Valaris on August 20 at prices between $0.101-0.108 per share; the holder intends to continue to sell up to its entire position, according to a 13D filing.
- Bankruptcy Court entered an Interim Order on August 24, permitting Luminus Management eight business days to sell its shares up to its entire holdings
- Luminus now hold 16.29% of the company
- NOTE: Aug. 19,
World’s Largest Offshore Rig Owner Valaris Files for Bankruptcy
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