Valaris Secures CFIUS Approval for Transocean Merger

Valaris and Transocean announced that they have received approval from the Committee on Foreign Investment in the United States (CFIUS) for their previously announced business combination. The merger, where Transocean will acquire Valaris for 15.235 shares per Valaris share, is still awaiting clearance under the Hart-Scott-Rodino Antitrust Improvements Act. The Department of Justice issued a Second Request on May 4, 2026, and the companies have committed not to certify substantial compliance before July 31, 2026, with closing expected 60 days thereafter. The companies continue to anticipate completing the merger in the second half of 2026.