Noble Corporation announced that it received approval today from the Grand Court of the Cayman Islands of the previously announced merger, reorganization and consolidation transaction by way of schemes of arrangement under Cayman Islands law. The transaction, if completed, will effectively change the place of incorporation of the parent holding company of the Noble group of companies from the Cayman Islands to Switzerland. Noble estimates that all of the conditions to the closing of the transaction will be met and that it will complete the transaction prior to the open of business on March 27, 2009.
Upon completion of the transaction, the Noble group holding company will continue to be subject to SEC reporting requirements, and its shares will be listed on the New York Stock Exchange under the symbol "NE," Noble's current trading symbol.
About Noble
Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 63 offshore drilling units (including five rigs currently under construction) located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the North Sea, Brazil, and West Africa. Noble's ordinary shares are traded on the New York Stock Exchange under the symbol "NE".
source: yahoo
Upon completion of the transaction, the Noble group holding company will continue to be subject to SEC reporting requirements, and its shares will be listed on the New York Stock Exchange under the symbol "NE," Noble's current trading symbol.
About Noble
Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 63 offshore drilling units (including five rigs currently under construction) located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the North Sea, Brazil, and West Africa. Noble's ordinary shares are traded on the New York Stock Exchange under the symbol "NE".
source: yahoo
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