The latest update is out from Diamond Offshore Drilling Inc (DO).
Noble completed its acquisition of Diamond Offshore, resulting in significant corporate rearrangements. At the merger’s effective time, all rights and obligations under the existing Warrant and Indenture agreements were assumed by Noble. Diamond Offshore Common Stock was converted into cash and Noble shares for shareholders. Subsequently, Noble also took on the Company’s credit obligations, settling all outstanding debts and releasing liens. The mergers led to the delisting of Diamond Offshore Common Stock from the NYSE and the renaming of Merger Sub 2 to Noble Offshore Drilling, Inc. with new officers appointed, marking a comprehensive consolidation in the industry.
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