---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-038106"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2026-09-30T21:01:10+00:00"
generated_at: "2026-10-12T14:09:13.337718+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Valaris: DOJ closes HSR probe into Transocean deal; closing expected Q4 2026

## Summary
- Valaris and Transocean received notice from the DOJ Antitrust Division that it closed its investigation under the Hart-Scott-Rodino Act; the HSR waiting period has expired.
- Deal terms unchanged: Transocean will acquire all outstanding Valaris common shares in exchange for 15.235 Transocean shares per Valaris share, per the Feb 9, 2026 Business Combination Agreement.
- The companies anticipate closing in the fourth quarter of 2026, subject to satisfaction or waiver of remaining conditions, including shareholder approvals.
- A joint preliminary proxy statement on Schedule 14A was filed May 19, 2026; a definitive joint proxy statement will be mailed to Transocean and Valaris shareholders.
- Transaction structured as a Bermuda scheme of arrangement under section 99 of the Companies Act 1981; securities expected to be issued under Section 3(a)(10) exemption.

## SEC filing metadata
- accession: 0001140361-26-038106
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2026-09-30T21:01:10+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000114036126038106/0001140361-26-038106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000114036126038106/ef20083020_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-038106
- JSON: https://secwatch.observer/filing/0001140361-26-038106.json
- Plain text: https://secwatch.observer/filing/0001140361-26-038106.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.