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AI brief of an SEC Form 8-K · Noble (NE)

Noble completes Diamond Offshore acquisition; Patrice Douglas joins board

Mixed Impact 5 of 5 m&a Written later

Noble Corporation completed its acquisition of Diamond Offshore Drilling on September 4, 2024. Diamond shareholders received $5.65 in cash and 0.2316 Noble shares per Diamond share, with Noble paying about $591 million in cash and issuing about 24.2 million shares, which lifts Noble's share count to 167,279,702. Noble said it no longer expects investors to rely on its previously issued 2024 guidance, which it says no longer applies on a combined company basis.

Key points

  • Diamond holders received $5.65 in cash and 0.2316 Noble shares per Diamond share; Noble paid about $591 million in cash and issued about 24.2 million shares.
  • Cash portion was funded in part from the $800 million 8.000% Senior Notes due 2030 issued August 22, 2024.
  • Noble reports backlog of $6.7 billion after the Diamond rigs and about 4.8 rig years of ExxonMobil Guyana backlog were added; Noble says investors should not rely on its prior 2024 guidance.
  • Patrice Douglas, formerly a Diamond director, was appointed to Noble's board, which was increased to nine directors effective at the Effective Time.

The filing

CompanyNoble (NE)
Form8-K, current report
Filed with the SECSep 4, 2024, 9:16 AM ET
Accession number0000950142-24-002324

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation5.02 Director / Officer Change7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 04, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.