Movement Alert｜Transocean Intraday Rise 7.35%, Valaris Antitrust Approval Cleared

Market Focus10-05 23:02

October 5, Transocean rose 7.35% in Regular Trading, trading at $5.56 per share with turnover of $77.52 million.

The increase follows news that its all-stock merger with Valaris has cleared U.S. antitrust review, with the Department of Justice ending its investigation under the Hart-Scott-Rodino Act and the legal waiting period expired.

The deal, expected to close in the fourth quarter, would create the world's largest offshore drilling fleet.

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