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Noble Corp. completes acquisition of Pacific Drilling


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. ....

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