Saipem, Subsea 7 and Creating Offshore Energy Giant

Italy's Saipem, Norways' Subsea 7 to create European energy services leader
Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal that will create a leading European supplier of onshore and offshore energy services, the two companies said late on Sunday.
Saipem and Subsea 7 Announce $4.63B Merger, Creating Offshore Energy Giant
Italian oil services firm Saipem (BIT:SPMI) and Norwegian competitor Subsea 7 (OL:SUBC) are merging in a $4.63 billion deal to form an offshore energy powerhouse. The announcement sent Subsea 7 shares soaring over 7%
Saipem and Subsea7 merge to form Saipem7
Saipem and its Norwegian rival did not disclose the financial terms of the deal, which, according to Reuters, is valued at around $4.63bn.
Saipem to Merge With Subsea7
Saipem and Subsea7 have announced a $4.6 billion merger to create a new oil field services giant, Saipem7, with significant global reach and financial strength.
Saipem, Subsea7 to merge in $4.6B deal
Saipem ( OTCPK:SAPMF) ( OTCPK:SAPMY) said Sunday it agreed to merge with rival oilfield services company Subsea7 ( OTCPK:SUBCY) ( OTCPK:ACGYF) in an all-stock deal valued at ~$4.63B.
Saipem set to merge with Subsea7 to create global energy services giant
Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies, to create an industry leader in global energy services.
Saipem, Subsea7 to Combine in New Energy Services Deal
Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the sector picks up after years of sluggish activity.
Italy's Saipem, Norway's Subsea 7 to create energy services leader
Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services. The combined group, to be renamed Saipem7, will have an order backlog of 43 billion euros ($45 billion),
Italy’s Saipem to Merge With Norwegian Rival Subsea7 in $4.9 Billion Deal
Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 creating a company focused on drilling, engineering and construction.
TradeWinds15h
Kristian Siem-backed Subsea 7 looks to combine with Saipem
The Kristian Siem-backed, Oslo-listed offshore vessel owner and the Italian oil engineering outfit on Sunday announced a merger that will see Saipem issue Subsea 7 shareholders approximately €4.7bn ...
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Saipem-Subsea7 merger plan draws muted market reaction
Investors’ reaction to the proposed merger of Saipem and Subsea 7 has been very subdued — and negative in the case of the ...
Subsea 7 S.A.: Proposed Combination of Saipem and Subsea7
Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two companies1 (the "Proposed Combination") ...
worldenergynews.com11h
Italy's Saipem and Norway's Subsea 7, to create a leader in energy services
Saipem, an Italian company, has agreed to merge its Norwegian competitor Subsea 7 into a global leader in offshore energy services.
Subsea 7 (SUBCY) versus Its Peers Critical Review
Subsea 7 (OTC:SUBCY – Get Free Report) is one of 34 public companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it compare to its competitors? We will compare ...