Valaris Says U.S. DOJ Closes Antitrust Investigation Into Valaris And Transocean Deal; Co And Transocean Expect Business Combination To Close In Q4 2026

Valaris Limited and Transocean Ltd. have announced that the U.S. Department of Justice has closed its antitrust investigation into their proposed business combination. The agreement, which involves Transocean acquiring Valaris shares at a ratio of 15.235 shares of Transocean per Valaris share, is expected to close in the fourth quarter of 2026, pending the satisfaction of remaining conditions. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired.