DOJ issues Second Request on Transocean-Valaris merger, extending antitrust review by 30+ days

Filed May 5, 2026 · Period ending May 4, 2026 · ~1 min read

Key Changes

• high

  Department of Justice issued a Second Request under Hart-Scott-Rodino Act on May 4, extending the regulatory waiting period by at least 30 days after both companies comply with the information demand. This signals deeper antitrust scrutiny of the offshore drilling merger.

  Item 8.01 verify on EDGAR →
• high

  Transocean will acquire Valaris in an all-stock deal at 15.235 Transocean shares per Valaris share, combining two major offshore drilling contractors. The fixed exchange ratio means Valaris shareholders bear Transocean stock price risk until closing.

  Item 8.01 verify on EDGAR →
• medium

  Transocean withdrew its initial HSR filing on April 1 and refiled on April 3, a procedural step that often indicates the need to restart the regulatory clock or address filing deficiencies.

  Item 8.01 verify on EDGAR →