The transaction is sourced from two SEC filings via SEC EDGAR: a Form 425 published on June 10, 2024, and an 8-K also published on June 10, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, Guggenheim Securities, LLC and TPH&Co. (the energy business of Perella Weinberg Partners) acted as lead financial advisors to Diamond, the target, per the same source sentence naming both firms jointly. On the acquirer side, Morgan Stanley & Co. LLC acted as lead financial advisor to Noble and also provided committed financing, while Wells Fargo Securities and SB1 Markets also advised Noble in a non-lead capacity, per a separate source sentence.
On the legal side, Kirkland & Ellis LLP acted as legal advisor to Diamond, the target, while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Noble, the acquirer.
Beyond the cash-and-stock merger consideration structure, with a disclosed deal value of $600,000,000, the facts block also notes that Morgan Stanley provided committed financing to Noble in connection with the transaction, though no further detail on the specific cash/stock split or financing terms is provided.
Several items are not disclosed in the available record. No further detail on the precise mix between cash and stock consideration is given beyond the general subtype classification, and no expected closing date or further timeline detail beyond the June 2024 filing dates and pending-regulatory status is provided.