Shut off the water to the shower or to the entire house if you do not have a shower cutoff valve.
Remove the faucet valves on the outside of the wall.
Take any wall covering off the wall to expose the pipes underneath.
Cut the hot and cold water pipes with a hacksaw below the dual valve faucet body.
Saw the pipe exiting the top of the faucet body going to the showerhead to separate the faucet body from the plumbing.
Solder the single valve mixer faucet body onto the hot and cold water pipes and the shower water pipe. Use lead-free solder and a torch for the soldering.
Replace the wall around the faucet body, leaving a hole large enough for the valve stem of the single handle to pass through into the middle of the faucet body.
Attach the escutcheon plate to the wall of the shower and screw it into place.
Insert the valve handle into the center of the faucet body.
Screw the handle into place with the screw in the middle of the valve handle, under the cover on the handle.
Replace the center cover on the handle and turn the water back on to the house.