Mergers & Acquisitions ·
DOJ closes Hart-Scott-Rodino antitrust investigation into proposed Valaris and Transocean merger
VALValaris Ltd
Valaris Limited announced that the U.S. Department of Justice closed its Hart-Scott-Rodino antitrust investigation into its proposed business combination with Transocean Ltd., allowing the waiting period to expire. The transaction involves Valaris shareholders receiving 15.235 shares of Transocean for each Valaris share held. Both companies anticipate closing the merger in the fourth quarter of 2026, subject to remaining conditions. Valaris Limited operates in the offshore drilling industry.