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Stock Market & Financial Investment News

News Breaks
July 11, 2014
16:38 EDTNENoble Corp. board approves spin-off of Paragon Offshore
Noble Corporation announced that its board of directors has approved the spin-off of Paragon Offshore, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinary share of Paragon for every three ordinary shares of Noble held at 5:00 p.m., New York City time, on the record date of the distribution, July 23. No fractional Paragon shares will be issued; however, shareholders entitled to receive a fractional Paragon share in the distribution will instead receive the cash value of that fractional share. Subject to the satisfaction of the conditions to the spin-off, the distribution is expected to occur on August 1. Following the distribution of the Paragon ordinary shares, Paragon will be a separate, publicly traded company, and Noble will not retain any ownership interest in Paragon. Paragon has applied to list its ordinary shares on the New York Stock Exchange under the symbol "PGN."
News For NE From The Last 14 Days
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October 29, 2014
17:08 EDTNENoble Corp. reports Q3 EPS 57c, consensus 53c
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15:53 EDTNENotable companies reporting after market close
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October 28, 2014
15:01 EDTNENoble Corp. to seek shareholder approval for 15% share repurchase
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09:20 EDTNEOn The Fly: Pre-market Movers
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08:16 EDTNENoble Corp. to pursue development of MLP
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08:13 EDTNENoble Corp. authorizes vote on share repurchase of up to 37M shares
Noble Corporation's Board has authorized the company to seek approval from its shareholders to increase the company's authority to repurchase its outstanding shares. The approval is expected to be sought at a Special Meeting of Shareholders scheduled for December 22. The company intends to file a preliminary proxy statement with the SEC with a proposal to authorize the potential repurchase of up to an aggregate of 37M shares, or approximately 15% of the company's ordinary shares outstanding. This authorization would be in addition to the Company's existing share repurchase authorization under which approximately 4.8M shares remained available for purchase as of September 30.

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