Transocean's Acquisition of Valaris Wins Unconditional Brazil Approval

01:21 PM EDT, 10/14/2026 (MT Newswires) -- Valaris (VAL) said Brazilian competition regulators approved its acquisition by Transocean (RIG) without restrictions. The regulator issued its decision on Tuesday, and Brazil's Official Journal is expected to publish the ruling on Thursday or Friday, which starts a 15-day waiting period before the approval becomes final, Valaris said Wednesday in a regulatory filing. Once the Brazil decision becomes final, all regulatory approval conditions for closing will be satisfied, and the transaction is expected to close in Q4, Valaris said. Valaris shares rose 0.7% in Wednesday trading, and Transocean gained 0.4%. Price: 86.11, Change: +0.56, Percent Change: +0.65