Brazil Approves Transocean Acquisition of Valaris

Key Facts

Valaris received Brazilian antitrust approval from CADE for its sale to Transocean. SeekingAlpha reported that the regulator issued a decision allowing the combination to proceed without restrictions, marking a significant regulatory milestone for the merger between the two offshore drilling contractors.

VAL closed at $85.55 on October 13, 2026, while RIG closed at $5.65 on the same date. The approval is a necessary regulatory step to finalize the merger in the Brazilian market, with VAL having reached a day high of $87.63 and RIG a high of $5.78 during the October 13, 2026 session.