Transocean cleared a U.S. antitrust review step for its planned purchase of Valaris. The deal still needs other approvals and conditions, but clearing this step supports its chances of going ahead.
This removes one important U.S. approval step and makes the planned purchase more likely to proceed. The deal is not complete: shareholder approval and other closing conditions remain, and the filing warns it could still fail.
Valaris and Transocean expect the deal to close in the fourth quarter of 2026 after the U.S. review ended. Other conditions remain, so completion is not certain.
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