Noble Corp. and Diamond Offshore Drilling merge, with Noble acquiring Diamond in a stock and cash deal.
Noble Corp. and Diamond Offshore Drilling agree on a definitive merger, with Noble acquiring Diamond in a stock plus cash transaction. Diamond shareholders receive 0.2316 Noble shares and $5.65 per share in cash. The deal is expected to strengthen Noble's position with 4 drillships and a high-spec harsh environment semisubmersible rig, improve free cash flow, and accelerate return of capital to shareholders.
June 10, 2024
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