Transocean-Valaris $5.8bn megadeal clears US antitrust review

Transocean's $5.8bn takeover of offshore driller Valaris has cleared a key regulatory hurdle in the US, and the companies now expect to complete the transaction in the final quarter of the year. Valaris and Transocean have been notified by the Antitrust Division of the US Department of Justice that it has closed its investigation into…