Noble (NE) Up On Merger Speculation After CEO Jackson Leaves
Shares of Noble Corp. (NYSE: NE) are higher today on takeover speculation following the sudden departure of Chairman/Pres/CEO, Mark A. Jackson, announced Thursday night.
Wall Street analysts have speculated that Jackson's departure could have been related to a clash with the company's board on industry consolidation and the company's strategic direction.
A director of the company told Bloomberg that the resignation of Jackson was for personal reasons and unrelated to differences on a merger strategy.
Shares of Noble are up 3% in mid-day action.
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