Noble corporation announces agreement to divest remedy rigs and provides update on merger control process

Sugar land, texas , june 23, 2022 /prnewswire/ -- noble corporation (nyse: ne, "noble", or the "company") announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary ("buyer") of shelf drilling, ltd. ("shelf drilling") whose obligations under the asset purchase agreement will be guaranteed by shelf drilling (the "remedy rig sale agreement").
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