Transocean
Transocean’s planned $5.8 billion acquisition of Valaris has received all required regulatory approvals, bringing the offshore drilling industry’s major consolidation deal closer to completion.
Transocean President and CEO Keelan Adamson confirmed on November 3 that the latest approvals came from the US Department of Justice and Brazil’s competition authority, CADE. Neither regulator imposed any conditions on the transaction.
Shareholders of both companies are scheduled to vote on the merger on November 24, with Bermuda court approval expected on November 26. The transaction is currently expected to close on or around December 1, 2026.
