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Transocean has received unconditional antitrust approval from Brazil's CADE for its $5.8 billion all-stock acquisition of Valaris, following earlier U.S. Department of Justice clearance. The deal, expected to close in Q4 2026, will create a 73-rig diversified fleet with over $200 million in cost synergies and a $10 billion backlog, positioning the combined company as an offshore drilling industry leader.
CNBC's final trades: Weiss picked UnitedHealth after strong results; Terranova chose Twilio; Lebenthal favored Transocean after $550M Gulf contracts.
Transocean wins two Gulf of Mexico drillship contracts worth $550 million, lifting backlog above $8 billion; shares rise nearly 2% premarket.
Cramer rejects AppLovin, MFA Financial and defense stocks; likes Vale, calls Twilio fairly valued and Cintas terrific after its big run.