DOJ issues Second Request on Transocean-Valaris merger, extending HSR waiting period

Transocean Ltd.

On May 4, 2026, Transocean and Valaris each received a DOJ Second Request under the HSR Act.
Second Request extends HSR waiting period until 30 days after both parties substantially comply.
Transocean withdrew its initial HSR filing on April 1, 2026, and refiled on April 3, 2026.
Deal exchange ratio is 15.235 Transocean shares per Valaris share; other conditions remain pending.

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