Valaris settles with Luminus, hands board seat to hedge fund

BOSTON (Reuters) - Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board.Luminus' Adam Weitzman, an expert in offshore oil drilling who has experience in debt and equity capital markets and risk management, will join Valaris' 11-member board as a 12th director, the company said.The New York-based hedge fund, which owns roughly 18.7% of Valaris' shares, promised to hold on to a certain..