12 Nov 2024substantial holder notice● Neutral
Capital Research Global Investors reported no remaining DIAMOND OFFSHORE DRILLING, INC. shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Sept 2024listing compliance notice▼ BadMajor
DIAMOND OFFSHORE DRILLING, INC. deregistered its securities, ending its obligation to file reports with the SEC.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. SVP, General Counsel and Sec David L Roland disposed of 344,180 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. SVP & Chief Operating Officer Jon L. Richards disposed of 298,938 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. insider Patrick Carey Lowe disposed of 73,830 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. insider Neal P Goldman disposed of 110,745 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. insider John Hollowell disposed of 73,830 shares via option/appreciation-right settlement.
4 Sept 2024securities registration● Neutral
DIAMOND OFFSHORE DRILLING, INC. amended an already-effective registration statement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. Senior Vice President and CFO Dominic A Savarino disposed of 396,014 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. insider Adam C Peakes disposed of 73,830 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. insider Benjamin Duster disposed of 32,017 shares via option/appreciation-right settlement.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. President and CEO Bernie G. Wolford disposed of 1,625,948 shares via option/appreciation-right settlement.
4 Sept 2024securities registration● Neutral
DIAMOND OFFSHORE DRILLING, INC. amended an already-effective registration statement.
4 Sept 2024listing compliance notice● NeutralMajor
DIAMOND OFFSHORE DRILLING, INC.'s exchange filed to remove a class of its securities from listing.
4 Sept 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. insider Patrice D Douglas disposed of 16,193 shares via option/appreciation-right settlement.
4 Sept 2024business combination● NeutralMajor
The merger with Noble Corporation plc closed on September 4, 2024, ending Diamond Offshore as an independent listed company; it is now Noble Offshore Drilling, Inc., a Noble subsidiary. Each share converted into $5.65 in cash plus 0.2316 Noble A ordinary shares (cash for fractions), except shares owned by the parties or those whose holders demanded appraisal rights. The stock stopped trading on the NYSE before the open on September 4 and was delisted, and the company intends to file a Form 15 to suspend its SEC reporting. This resolves the Noble merger thread and the stockholder vote/antitrust conditions in the context. Warrants were assumed by Noble and are exercisable for the same merger consideration for 90 days after closing. RSUs and PSUs converted into Noble RSUs (PSUs at the greater of actual or target performance), unless already vested. The revolving credit facility commitments were terminated and all amounts owed under it were paid in full, with liens released. Noble Offshore Drilling assumed the company's obligations under the 8.500% second-lien notes due 2030 through a supplemental indenture.
19 Aug 2024business combination● Neutral
On August 19, 2024, Diamond Offshore said it had received eleven stockholder demand letters and three lawsuits (filed in New York) alleging the Noble merger proxy statement was missing or incomplete on certain disclosures. The company calls the claims without merit and says no extra disclosure is required, but it added supplemental disclosures (including details of a May 7, 2024 approach by 'Company E' and adviser valuation analyses) to avoid the suits delaying the August 27 vote. This continues the merger thread and does not change the deal terms.
7 Aug 2024quarterly activities report● Neutral
DIAMOND OFFSHORE DRILLING, INC. reported a quarterly net income of $9.3 million for the period ended 2024-06-30.
2 Aug 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. President and CEO Bernie G. Wolford sold 34,000 shares at $16.42.
29 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. SVP & Chief Operating Officer Jon L. Richards acquired 30,176 shares and disposed of 7,348 in a set of related equity transactions.
29 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. Senior Vice President and CFO Dominic A Savarino acquired 30,176 shares and disposed of 11,166 in a set of related equity transactions.
29 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. SVP, General Counsel and Sec David L Roland acquired 30,176 shares and disposed of 7,348 in a set of related equity transactions.
25 July 2024business combination● NeutralMajor
On July 25, 2024, Diamond Offshore filed its definitive proxy statement and began mailing it to stockholders for a special meeting on August 27, 2024 (record date July 19) to vote on the Noble merger. The filing states the implied value was $15.52 per share on June 7, 2024 and $16.70 on July 17, 2024, and that it will move with Noble's share price. Former Diamond Offshore holders are expected to own about 15% of Noble on a fully diluted basis; the board unanimously recommends voting for, and non-votes count as votes against. This moves the June merger agreement toward a vote; closing is not yet complete.
16 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. President and CEO Bernie G. Wolford sold 8,000 shares at $16.00.
2 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. President and CEO Bernie G. Wolford sold 26,000 shares at $15.55.
2 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. SVP, General Counsel and Sec David L Roland exercised stock options for 20,118 shares and disposed of 25,017 shares.
2 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. SVP & Chief Operating Officer Jon L. Richards exercised stock options for 20,118 shares and disposed of 25,017 shares.
2 July 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. Senior Vice President and CFO Dominic A Savarino exercised stock options for 20,117 shares and disposed of 27,562 shares.
10 June 2024business combination● NeutralMajor
On June 9, 2024, Diamond Offshore agreed to be acquired by Noble Corporation plc in a two-step merger, with Diamond Offshore ending up as an indirect wholly owned Noble subsidiary. Each Diamond Offshore share converts into $5.65 in cash plus 0.2316 Noble ordinary shares, so shareholders receive cash and Noble stock rather than keeping their shares. The deal needs Diamond Offshore stockholder approval, US antitrust (HSR) clearance, other antitrust approvals, an effective Noble S-4 and NYSE listing of the new shares; either side can terminate if it has not closed by June 9, 2025 (extendable to Dec 9, 2025 and June 9, 2026 for regulatory approvals). A $60 million termination fee applies in certain cases (for example a superior proposal or a change of board recommendation), and $16.5 million if stockholders vote it down. Outstanding warrants are assumed by Noble and stay exercisable for the merger consideration for 90 days after closing; RSUs convert into Noble shares. The board unanimously recommended the deal. Not yet completed, so the equity outcome is pending.
4 June 2024director interest notice● Neutral
DIAMOND OFFSHORE DRILLING, INC. Senior Vice President and CFO Dominic A Savarino sold 11,369 shares at $15.11.