
The Drilling Company Maersk Drilling said Monday that after the UK Competition and Markets Authority raised concerns over its planned acquisition by Noble Corp, the companies now plan to offer remedies.
Noble agreed to buy Maersk Drilling last November in an all-share deal under which shareholders of each company would own 50% of the combined group. However, last month UK regulators said the deal could increase operating costs for oil-and-gas producers in the U.K. and it would refer the deal for further review, unless the companies offer a solution.
Related: UK Watchdog Is Concerned Over Noble & Maersk Drilling Deal
In a statement Monday, Maersk Drilling said Noble plans to offer to divest certain jackup rigs currently located in the North Sea as it seeks to obtain conditional antitrust clearance from the U.K. CMA in Phase 1 of the merger control process.
The rigs concerned are the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and either the Maersk Innovator or the Noble Lloyd Noble.
If the companies are able to obtain a conditional Phase 1 antitrust clearance from the U.K. CMA, the business combination is expected to close in mid-2022, it said.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
House Passes ‘Take It Down Act,’ the First Major AI-Related Federal Regulation
Apr 29, 2025 by
CPI
Michigan Sues Express Scripts, Prime Therapeutics for Alleged Price-Fixing Scheme
Apr 29, 2025 by
CPI
Tech Rivals Testify as FTC Antitrust Trial Against Meta Enters Defining Phase
Apr 29, 2025 by
CPI
Spanish Judge Investigates Nationwide Blackout as Possible Cyber Threat
Apr 29, 2025 by
CPI
Trump Administration Pushes EU to Delay AI Regulations
Apr 29, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece