Skip to main content

Subsea 7 withdraws its proposal to acquire McDermott

Published by
World Pipelines,


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Subsea 7 confirms that the proposal made to McDermott’s Board of Directors on 17 April and published on 23 April is no longer valid.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/

You might also like

TEAM Inc.

[WEBINAR] Inflatable Line Stops: An Alternative to Mechanical Line Stops

In this webinar, TEAM will cover the benefits of an inflatable line stop, reasons they are an enhanced alternative to mechanical line stop, and learn about the optimal conditions for this method. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):