Noble Corporation has entered into an agreement to sell five jackup rigs for $375 million to a newly formed subsidiary of Shelf Drilling. The sale, which is subject to approval of the UK Competition and Markets Authority, is intended to address the potential concerns identified in the Phase I review of the proposed business combination between Noble and Maersk Drilling.
Noble Corp's sale of 5 jackup rigs to Shelf Drilling is a disappointing divestment. But why did I decide to keep my BUY rating on NE stock for now? Find out.
- Noble Corporation announces agreement euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Noble Corp (NE) To Divest Remedy Rigs And Provides Update On Merger Control Process streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Noble Corporation (NYSE: NE, "Noble", or the "Company") announced that it has entered into an asset purchase agreement to sell five jackup rigs.