Transocean announced it has received notification from the U.S. Department of Justice (DOJ) that the agency has closed its antitrust investigation into the company's planned acquisition of Valaris Limited. The clearance satisfies a key regulatory condition for the business combination to proceed.
Key Details
- Regulatory Approval: The waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act expired on September 30, 2026, clearing the path for the acquisition.
- Expected Closing: The companies anticipate the transaction will close in the fourth quarter of 2026, subject to remaining closing conditions.
- Transaction Terms: The business combination agreement, dated February 9, 2026, stipulates that Transocean will acquire all Valaris shares for an exchange ratio of 15.235 Transocean shares per Valaris share.