Brazil Clears Transocean's Acquisition of Valaris Without Restrictions
Brazil's competition authority CADE cleared Transocean's acquisition of Valaris without restrictions on October 13, 2026. The February 9, 2026 agreement sets an exchange ratio of 15.235 Transocean shares for each outstanding common share. Publication in Brazil's Official Journal is expected October 15 or 16, 2026, star