---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-039551"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2026-10-14T16:14:07+00:00"
generated_at: "2026-10-14T16:15:03.363223+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Brazil's CADE clears Transocean-Valaris merger without restrictions; close seen in Q4 2026

## Summary
- CADE issued its decision on Oct 13, 2026 allowing the Business Combination to take effect without restrictions; publication in Brazil's Official Journal expected Oct 15-16, 2026.
- A 15-day waiting period follows publication; once CADE's decision is final, all regulatory approval conditions to closing will be satisfied.
- Under the Feb 9, 2026 Business Combination Agreement, Transocean acquires all Valaris shares for 15.235 Transocean shares per Valaris share.
- Closing anticipated in Q4 2026, subject to satisfaction or waiver of remaining conditions; joint definitive proxy statement filed Oct 14, 2026.

## SEC filing metadata
- accession: 0001140361-26-039551
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2026-10-14T16:14:07+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/0001140361-26-039551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-039551
- JSON: https://secwatch.observer/filing/0001140361-26-039551.json
- Plain text: https://secwatch.observer/filing/0001140361-26-039551.txt

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