Valaris/Transocean deal spread narrows on report DOJ to clear transaction early


Massive offshore semisubmersible oil drilling rig docked at an industrial coastal shipyard facility

AJITH ACHUTHAN/iStock via Getty Images

The deal spread in Transocean’s (RIG) $5.8 billion all-stock purchase of Valaris (VAL) narrowed on Monday after a report that the U.S. Dept. of Justice is expected to clear the deal early with no divestitures. The deal spread narrowed



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