Transocean's Valaris Acquisition Wins Unconditional Brazilian Antitrust Approval

Brazilian competition authority CADE cleared Transocean's acquisition of Valaris without restrictions on October 13, 2026. Publication in Brazil's Official Journal is expected October 15 or October 16, 2026, starting a 15-day waiting period. Once the decision becomes final, all regulatory approval conditions for closing will be satisfied. The February 9, 2026 agreement provides 15.235 acquirer shares for each issued and outstanding Valaris common share. Closing is expected in the fourth quarter of 2026, subject to satisfaction or waiver of the remaining conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transocean Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-115871), on October 14, 2026, and is solely responsible for the information contained