Skip to Footer SEARCH Services People Difference International Knowledge Alumni Join us Newsroom Contact us PRESS RELEASES | CORPORATE AND M&A TAX | 10 NOV 2021 Travers Smith advises on combination of Noble Corporation and Maersk Drilling Home Knowledge Travers Smith advises on combination of Noble Corporation and Maersk Drilling Share on LinkedIn Tweet this Print Overview Travers Smith LLP has acted as English law and UK tax counsel to Noble Corporation (NYSE: NE) on the business combination with Maersk Drilling (CSE: DRLCO) to create a leading offshore driller with global scale and a combined pro-forma revenue of c.$2.1 billion. The combined company will be headquartered in Houston, Texas, and will maintain a significant operating presence in Stavanger, Norway. The transaction will be implemented by way of (i) a merger of Noble with and into a wholly owned subsidiary of Noble Finco Limited, a private limited company formed under the laws of England and Wales and an indirect, wholly owned subsidiary of Noble ("Topco"), and (ii) a Danish voluntary tender exchange offer by Topco to Maersk Drilling shareholders. The transaction is subject to Noble shareholder approval, acceptance of the exchange offer by holders of at least 80% of Maersk Drilling shares, merger clearance and other regulatory approvals, listing on the NYSE and Nasdaq Copenhagen, and other customary conditions. It is targeted to close in mid-2022. The Travers Smith team was led by Corporate Partners Richard Spedding and Mohammed Senouci alongside Senior Counsel Mark Anderson. UK tax input was led by Tax Partners Jessica Kemp and Madeleine Gowlett, assisted by Senior Associate Joseph Sheldrick. Kirkland & Ellis is international counsel to Noble, with Plesner providing Danish advice. Davis Polk & Wardwell and Gorrissen are legal counsel to Maersk Drilling. KEY CONTACTS Read Mark Anderson's Profile Mark Anderson Senior Counsel +44 20 7295 3192 Email me Read Madeline Gowlett's Profile Madeline Gowlett Partner +44 20 7295 3411 Email me Read Jessica Kemp's Profile Jessica Kemp Partner +44 20 7295 3040 Email me Read Mohammed Senouci's Profile Mohammed Senouci Partner +44 20 7295 3180 Email me Read Joseph Sheldrick's Profile Joseph Sheldrick Senior Associate +44 20 7295 3106 Email me Read Richard Spedding 's Profile Richard Spedding Partner +44 20 7295 3284 Email me Read Hugo Twigg's Profile Hugo Twigg Associate +44 20 7295 3699 Email me Read Mahesh Varia's Profile Mahesh Varia Partner +44 20 7295 3382 Email me RECENT ARTICLES, KNOWLEDGE AND NEWS NEWS 08 JUN 2020 Black Lives Matter: Our response PRESS RELEASES 16 NOV 2021 Travers Smith advises S4Capital on the merger between Miyagi and Media.Monks to form S4Capital's Content practice in Italy PRESS RELEASES 10 NOV 2021 Travers Smith advises Peel Hunt LLP as sponsor, bookrunner and intermediaries co-ordinator to ProCook Group plc on its main market IPO Transactional Contentious Regulatory Advisory People Difference International Knowledge Search Alumni Join Us Contact Sitemap Privacy Policy Recruitment Privacy Policy Cookies Suspicious Emails Legal Status, Rules and Modern Slavery Environmental Policy Pay Gap Report Follow us Follow us on Linkedin. Opens in a new tab Follow us on Twitter. Opens in a new tab Follow us on Instagram. Opens in a new tab © Travers Smith LLP 2021 We use necessary cookies to make our site work. We would also like to set analytics cookies which collect information about how visitors use our website and help us to improve it. As they are optional, we won't set these unless you activate them, which you can do by clicking into Cookie Settings. You can also use Cookie Settings to activate the targeting cookies that we'd also like to use. Alternatively you can simply 'Accept All Cookies' to activate all these cookies at once. For more information about any of these cookies and our use of them, or to change your settings at any time, please see Cookie Settings and our Cookies Policy.Cookie policy Cookies Settings ✔ Accept All Cookies