Noble Completes Acquisition of Diamond Offshore Drilling

MT Newswires Live09-04

Noble (NE) said Wednesday it has completed its acquisition of Diamond Offshore Drilling, expanding its position among offshore drilling companies and adding around $2 billion of backlog.

The company said it issued more than 24.2 million Class A shares to former Diamond shareholders and its total backlog has grown to $6.7 billion with the closing of the deal.

In a filing with the US Securities and Exchange Commission, Noble said Diamond's common stock halted its trading before the market opened on Wednesday and is no longer listed on the New York Stock Exchange.

Shares of Noble were up 1.5% in recent trading.

Price: 36.61, Change: +0.55, Percent Change: +1.53

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