Transocean's Valaris Acquisition Wins Unconditional Brazilian Antitrust Approval
Bitget2026/10/14 21:08- 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.
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