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
The Federal Trade Commission (FTC) is in the process of sending out refund checks to consumers who were allegedly misled by Office Depot, Inc. and its software provider Support.com, Inc., into buying computer repair products and services. Out of $34 million, being the total amount of checks, Office Depot paid $25 million and Support.com paid $10 million as part of 2019 settlement. Gap Inc. partnered with fashion resale platform thredUP to facilitate the exchange of secondhand cloths. The retailer in a blog post said its customers can bring secondhand clothes in exchange for shopping credit that can be redeemed at Gap, Banana Republic, Athleta, or Janie and Jack. Customers who redeem their credits at Gap brands will receive an additional 15 percent payout bonus. Coca-Cola Co. (KO) on Friday reaffirmed its guidance for the full-year 2020 and provided an update on the expected impact from COVID-19 on first quarter 2020 results, ahead of its presentation at the Consumer Analyst Group of New York (CAGNY) Conference. For fiscal 2020, the company continues to project...
Follow RTT
>