logo
Plus   Neg
Share
Email

Noble Energy Announces Asset Sale To NBLX - Quick Facts

Noble Energy, Inc. (NBL) announced the sale of essentially all of its remaining U.S. onshore midstream interests and assets to Noble Midstream Partners LP (NBLX) and the elimination of the company's Incentive Distribution Rights for a total value of $1.6 billion. The consideration includes an estimated $670 million in cash and 38.5 million of newly issued common units of NBLX valued at $930 million.

Following the close of the deal, Noble Energy will own 56.5 million units or approximately 63 percent of the outstanding units of NBLX.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
Follow RTT
>