Valaris receives CFIUS approval, DOJ HSR review continues ahead of planned 2H 2026 close

Valaris received CFIUS approval for its proposed business combination with Transocean, while HSR review remains ongoing.Key Highlights:Original SEC Filing: Valaris Ltd [ VAL ] - 8-K - Jul. 01, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information w…

Valaris received CFIUS approval for its proposed business combination with Transocean, while HSR review remains ongoing.

Key Highlights:

CFIUS issued written approval on June 29, 2026, satisfying the CFIUS condition to the Transocean merger.
Both companies received a DOJ Second Request on May 4, 2026 and agreed not to certify substantial compliance before July 31, 2026.
Closing still subject to HSR waiting-period resolution, remaining regulatory approvals, shareholder approvals and customary conditions.
Valaris and Transocean continue to target completing the business combination in the second half of 2026, subject to risks and uncertainties.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.