Noble Corporation and Maersk Drilling announce agreement to combine

Case News
Noble Corporation and Maersk Drilling today announced that they have entered into a definitive business combination agreement to combine in a primarily all-stock transaction. Following the completion of the transaction, the Maersk Drilling shareholders and Noble shareholders will each own approximately 50% of the outstanding shares of the combined company. Plesner has acted as legal adviser for Noble Corporation in connection with the combination.

The combined company will be headquartered in Houston, Texas, and will maintain a significant operating presence in Stavanger, Norway, to retain proximity to customers and support operations in the Norwegian sector and the broader North Sea, and to ensure continued access to talent.

The combined company will be named Noble Corporation and its shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen.

The transaction is targeted to close in mid-2022.

Plesner is proud to act as legal counsel for Noble Corporation in connection with the transaction, alongside Kirkland & Ellis LLP and Travers Smith LLP. 

Plesner's core team consisted of Thomas Holst Laursen, Henrik Rossing Lønberg, Henrik Laursen, Janus Jepsen and Lynge Daugaard Jensen.

Related news

See all