Saipem, Subsea 7 and Creating Offshore Energy Giant

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),
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 and Subsea7 have announced their intention to merge
Saipem and Subsea7 have reached an agreement in principle on the key terms of a potential merger. The merged company will have a global workforce of over 45,000 people, including more than 9,000 engineers and project managers.
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.
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 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 set to merge with Subsea7 to create global energy services giant
The two contracting giants have reached agreement in principle on key terms of a possible merger through the execution of a memorandum of understanding
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.
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.
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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 ...
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”) through the execution of a ...
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") ...