Kuya Silver Corp. press release

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Noble Corporation (NYSE - NE)

2021-11-11

CSE - Canadian National Stock Exchange · Silver · Lead · Zinc · Gold · Copper · Cobalt · Canada

BALA CYNWYD, PA / ACCESSWIRE / November 11, 2021 /Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Noble Corporation ("Noble" or the "Company") (NYSE:NE) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by The Drilling Company of 1972 A/S ("Maersk Drilling") (CSE - DRLCO). Under the terms of the merger agreement, (x) each outstanding Noble share and penny warrant will be converted into the right to receive one share of Topco, and (y) each issued tranche 1, tranche 2 and tranche 3 warrant will be converted into a warrant to purchase one share of Topco. Additionally, pursuant to the exchange offer, Maersk Drilling shareholders may exchange each Maersk Drilling share for 1.6137 Topco shares, and will in lieu of their entitlement to certain Topco shares have the ability to elect cash consideration for up to USD 1,000 of their Maersk Drilling shares (payable in DKK), subject to an aggregate cash consideration cap of USD 50 million (excluding any cash paid for fractional shares). Pursuant to the terms of the business combination agreement, upon closing of the transaction, the Maersk Drilling shareholders and the Noble shareholders will each own approximately 50% of the outstanding shares of Topco.

The investigation concerns whether the Noble Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Maersk Drilling is paying too little for the Company.

If you own shares of Noble stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/noble-corporation-nyse-ne/, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE:Brodsky & Smith, LLC

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