With the HSR clearance secured, focus shifts to remaining closing conditions including shareholder approvals. Monitor for the definitive proxy statement mailing and any shareholder vote scheduling.
Price Chart
Executive Summary
Transocean and Valaris received DOJ Antitrust Division notification that the HSR Act investigation has closed and the waiting period has expired, clearing a key regulatory hurdle for their proposed business combination. The companies anticipate closing the all-stock acquisition in Q4 2026, subject to remaining conditions.
Key Facts
- DOJ Antitrust Division closed its HSR Act investigation on September 30, 2026
- HSR waiting period has expired
- Transocean to acquire all Valaris shares at 15.235 Transocean shares per Valaris share
- Closing anticipated in Q4 2026, subject to remaining conditions
Financial Impact
Removal of U.S. antitrust risk removes a material closing condition for a transformative all-stock acquisition; deal value not disclosed in this filing
Risk Factors
- Remaining conditions to closing may not be satisfied or waived
- Shareholder approval not yet obtained
- Potential litigation related to the proposed transaction
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-112402 |
| Document: 0001104659-26-112402-index-headers.html | 0001104659-26-112402 |
| Document: 0001104659-26-112402-index.html | 0001104659-26-112402 |
| Document: 0001104659-26-112402.txt | 0001104659-26-112402 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $6.40 | awaiting T+5 | — | $6.53 (+1.99%) |
Oct 19, 2026 7d ago | 8-K | $5.89 $6.53 | ▲ +10.87% | ▲ +11.01% | $6.53 (+10.87%) |
Oct 19, 2026 7d ago | Press Release | $5.89 $6.53 | ▲ +10.87% | ▲ +11.01% | $6.53 (+10.87%) |
Oct 15, 2026 11d ago | 8-K | $5.62 $6.41 | ▲ +14.06% | ▲ +14.49% | $6.53 (+16.19%) |
Oct 14, 2026 12d ago | DEFA14A | $5.51 $6.08 | ▲ +10.34% | ▲ +11.36% | $6.53 (+18.51%) |
Oct 14, 2026 12d ago | 8-K | $5.51 $6.08 | ▲ +10.34% | ▲ +11.36% | $6.53 (+18.51%) |
Oct 14, 2026 12d ago | DEFM14A | $5.58 $6.04 | ▲ +8.24% | ▲ +7.79% | $6.53 (+17.03%) |
Oct 9, 2026 17d ago | 8-K | $5.51 $5.62 | ▲ +2.00% | ▲ +3.96% | $6.53 (+18.51%) |
Sep 30, 2026 26d ago | DEFA14A | $5.24 $5.54 | ▲ +5.73% | ▲ +4.42% | $6.53 (+24.62%) |
Sep 30, 2026 26d ago | 8-K | $5.24 $5.54 | ▲ +5.73% | ▲ +4.42% | $6.53 (+24.62%) |
US Market Status
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