Transocean: DOJ closes HSR review of Valaris deal; closing expected in Q4 2026

Transocean Ltd.

On September 30, 2026, Transocean and Valaris were notified the DOJ Antitrust Division closed its HSR Act investigation and the waiting period expired.
Transocean and Valaris expect the Business Combination to close in Q4 2026, subject to remaining closing conditions in the February 9, 2026 agreement.
Under the February 9, 2026 Business Combination Agreement, Transocean will acquire all Valaris common shares for 15.235 Transocean shares per Valaris share.
Transocean and Valaris filed a joint preliminary proxy statement on Schedule 14A with the SEC on May 19, 2026, seeking shareholder approvals.

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