Transocean Ltd. (NYSE:RIG) faces a U.S. DOJ Second Request delaying deal certification until at least July 31, 2026 with a possible 60‑day closing extension, even as Norway offshore unions averted a strike by winning a 5.2% wage rise and boosted pension contributions.
Previous Week Recap
- DOJ Issues Second Request, Transocean Review: DOJ issued a Second Request in its review of Transocean Ltd. (RIG). Parties agreed not to certify compliance before July 31, 2026, and may delay closing up to 60 days after certification.
- Norway Unions Agree 5.2% Pay Rise: Transocean Ltd. (RIG): Norway offshore unions agreed a wage deal granting a 5.2% pay rise and higher pension contributions, averting a midnight strike that threatened the Encourage rig’s operations.
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