Noble Corp. completes acquisition of Pacific Drilling April 16, 2021, by Bojan Lepic
Offshore drilling contractor Noble Corporation has completed the acquisition of Houston-based offshore driller Pacific Drilling, effective 15 April 2021.
The two companies entered into a definitive merger agreement in late March under which Noble would acquire Pacific Drilling in an all-stock transaction.
The merger agreement was unanimously approved by each company’s board of directors and by the majority of Pacific Drilling’s equity holders. No shareholder vote was required for Noble to close the transaction. Related Article Posted: 22 days ago
Pacific Drilling’s equity holders received 16.6 million shares of Noble or approximately 24.9 per cent of the outstanding shares of Noble at closing.
Noble Corporation And Pacific Drilling Announce Agreement To Combine
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Noble Corp to buy Pacific Drilling in all-stock deal
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Offshore Drillers Noble and Pacific Drilling to Merge in All-Stock Deal – gCaptain
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