Subsea 7 S.A. yesterday announced that it had taken note of McDermott International, Inc. shareholders’ vote in favour of a combination with CB&I. In light of this vote, Subsea 7 confirms that the proposal made to McDermott’s Board of Directors on 17 April and published on 23 April is no longer valid.
Subsea 7 will continue to invest in alternative routes to grow and strengthen its business worldwide, with a focus on differentiation through its market leading capabilities and enabling technology.
Read the article online at: https://www.worldpipelines.com/business-news/03052018/subsea-7-withdraws-its-proposal-to-acquire-mcdermott/
Join Integrity Plus for their live webinar and listen to their experts explain the benefits of New Century Software’s unique geoprocessing workflow for identifying the geometric parameters necessary to predict risk using ESRI ModelBuilder, search feature by route location routines and other ESRI ArcMap tools. Register for free today »