With the HSR clearance secured, focus shifts to remaining conditions (shareholder votes, other regulatory approvals). Monitor the joint definitive proxy statement for voting timelines and any potential dissident shareholder activity.
Price Chart
Executive Summary
Valaris and Transocean received U.S. DOJ antitrust clearance for their pending business combination, with the HSR Act waiting period expired. The companies anticipate closing the all-stock acquisition in Q4 2026, removing a key regulatory hurdle.
Key Facts
- DOJ closed its HSR Act investigation on September 30, 2026, and the waiting period has expired.
- Transocean will acquire all Valaris shares in exchange for 15.235 Transocean shares per Valaris share.
- Closing is anticipated in Q4 2026, subject to remaining conditions.
Financial Impact
Removal of U.S. antitrust clearance risk for a transformative all-stock merger; deal value not disclosed in this filing.
Risk Factors
- Shareholder approval may not be obtained.
- Other regulatory approvals or closing conditions may not be satisfied or waived.
- Integration risks post-close could delay synergies.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-038106 |
| Document: 0001140361-26-038106-index-headers.html | 0001140361-26-038106 |
| Document: 0001140361-26-038106-index.html | 0001140361-26-038106 |
| Document: 0001140361-26-038106.txt | 0001140361-26-038106 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | DEFA14A / 8-K | $92.63 | awaiting T+5 | — | $97.33 (+5.07%) |
Oct 14, 2026 11d ago | DEFA14A | $84.73 $91.72 | ▲ +8.25% | ▲ +7.80% | $97.33 (+14.87%) |
Oct 14, 2026 11d ago | 8-K | $84.73 $91.72 | ▲ +8.25% | ▲ +7.80% | $97.33 (+14.87%) |
Oct 14, 2026 12d ago | DEFM14A | $84.73 $91.72 | ▲ +8.25% | ▲ +7.80% | $97.33 (+14.87%) |
Sep 30, 2026 25d ago | DEFA14A | $79.56 $83.96 | ▲ +5.53% | ▲ +4.23% | $97.33 (+22.34%) |
Sep 30, 2026 25d ago | 8-K | $79.56 $83.96 | ▲ +5.53% | ▲ +4.23% | $97.33 (+22.34%) |
Jul 1, 2026 16w ago | DEFA14A | $72.46 $74.59 | ▲ +2.94% | ▲ +2.68% | $97.33 (+34.32%) |
Jul 1, 2026 16w ago | 8-K | $72.46 $74.59 | ▲ +2.94% | ▲ +2.68% | $97.33 (+34.32%) |
May 5, 2026 24w ago | DEFA14A | — | awaiting T+5 | — | — |
May 4, 2026 24w ago | 8-K | — | awaiting T+5 | — | — |
US Market Status
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