Noble Acquires Diamond Offshore Drilling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Source: Business Insider
Acquisition Announcement: Noble Corp. Plc. has acquired Diamond Offshore Drilling, Inc., adding approximately $2 billion to its backlog and issuing about 24.2 million class A ordinary shares to former shareholders of Diamond.
Financial Outlook Update: Following the acquisition, Noble advised investors not to rely on its previously issued financial outlook for fiscal year 2024, while also reporting an increase in backlog to $6.7 billion due to new contracts with ExxonMobil.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
