Kirkland & Ellis counsels Diamond Offshore Drilling, Inc. on its definitive merger agreement to be acquired by Noble Corporation plc (NYSE: NE, CSE: NOBLE) in a stock and cash transaction valued at $1.6 billion (excluding debt).
As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on June 7, 2024. Upon closing, Diamond shareholders will own approximately 14.5% of Noble’s outstanding shares.
The Kirkland team was led by corporate partners Sean Wheeler, Debbie Yee and Camille Walker; debt finance partner Rachael Lichman; capital markets partners Julian Seiguer and Atma Kabad; tax partners David Wheat and Bill Dong; antitrust & competition partners Ian John, Chuck Boyars, Thomas Wilson and Sion Davies; and executive compensation partners Rob Fowler and Stephanie Jeane.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
