Noble Corp to Acquire Diamond Offshore for $1.6 Billion

- Noble Corporation to acquire Diamond Offshore Drilling for $1.6 billion in cash-and-stock deal. - Deal provides premium to Diamond's shareholders, giving them new shares in combined company. - Combined company expected to have stronger financial position and operational capabilities. - Merger aims to enhance future offshore drilling opportunities and increase shareholder value. Price Impact Rating: bullish Impact Horizon Rating: long-term Type: M&A

Noble Corp agrees $1.6bn takeover of rival Diamond Offshore Drilling

- Noble Corporation acquiring Diamond Offshore Drilling for $1.6 billion in shares and cash. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: M&A

DO

DO price chart

Noble Corp to Acquire Diamond Offshore for $1.6 Billion

Noble Corp agrees $1.6bn takeover of rival Diamond Offshore Drilling

Company intelligence