M&A
confidence high
sentiment neutral
materiality 0.35
Noble-Diamond merger: HSR waiting period expired July 24; stockholder vote set for Aug 27
Noble Corp plc
- HSR antitrust waiting period for Noble's acquisition of Diamond expired at 11:59 ET on July 24, 2024.
- Transaction remains subject to Diamond stockholder approval at August 27, 2024 special meeting.
- Also requires informal clearance from Australian Competition & Consumer Commission.
- Noble (NE) and Diamond (DO) issued joint press release confirming the HSR expiration.
- Merger agreement previously announced; expected benefits include free cash flow accretion and synergies.