Noble Corporation plc Acquires Diamond Offshore Drilling, Inc.
June 10, 2024
Noble Corporation plc entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. in a stock-plus-cash transaction, with Diamond shareholders receiving 0.2316 Noble shares plus $5.65 in cash per Diamond share. The acquisition closed on September 4, 2024, expanding Noble’s offshore drilling fleet and adding approximately $2 billion of backlog.
- Buyers
- Noble Corporation plc
- Targets
- Diamond Offshore Drilling, Inc.
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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