Valaris & Transocean receive DOJ Second Request, extending HSR review waiting period

Valaris Ltd

On May 4, 2026, Valaris and Transocean received a Second Request from the DOJ under the HSR Act.
The Second Request extends the waiting period until 30 days after both parties substantially comply.
The merger was announced Feb 9, 2026: Transocean to acquire Valaris at 15.235 Transocean shares per Valaris share.
Parties continue working cooperatively with DOJ; deal remains subject to other conditions including shareholder approvals.
No change to expected closing timeline disclosed, but second request typically delays close.

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