Mergers & Acquisitions ·
CADE approves Transocean's $3.75B acquisition of Valaris without restrictions
VALValaris Ltd
Brazilian competition authorities (CADE) issued a decision determining that the proposed business combination between Transocean Ltd. and Valaris Limited may proceed without restrictions. The transaction involves Transocean acquiring all outstanding common shares of Valaris in exchange for 15.235 shares of Transocean per Valaris share, valued at approximately $3.75 billion based on recent trading prices. This regulatory clearance satisfies the final condition to closing, allowing the parties to anticipate completion in the fourth quarter of 2026 once the decision is published and a fifteen-day waiting period expires. Valaris Limited operates in the offshore drilling industry.