Saipem, Subsea 7 and Merger

Saipem Merger Works Out Favorably For Subsea 7 Shareholders
Explore the Subsea 7 S.A. and Saipem SpA merger offering cost synergies, better vessel utilization, and strong shareholder value. Click for more on SUBCY and SAPMF.
Saipem says fleet expansion is driving Subsea 7 merger
The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the Italian group said on Wednesday.
Saipem and Subsea7 to merge in $4.6 billion deal
Italian offshore services firm Saipem plans to merge with Norwegian rival Subsea7 in an all-share deal valued at $4.6 million, the companies announced. The combined company, to be named Saipem7, would
Saipem, Subsea7 Merge to Create Offshore Services Company
Saipem and Subsea7 have agreed to merge, creating an offshore energy services company called Saipem7 with annual revenue of approximately20 billion euros (US$21 billion) and a backlog of 43 billion euros (US$45.
Italy's Saipem reinstates dividend ahead of merger with Subsea 7
Italian energy contractor Saipem, which has agreed to merge with Norwegian rival Subsea 7, said on Tuesday it would resume paying a dividend after a four-year break. The group said it would pay 333 million euros ($350 million) in dividends this year.
Saipem-Subsea7 shows solidity of Italian System - Meloni
A merger between Italian eng'neering giant Saipem and Norwegian undersea engineering multinational Subsea 7 shows the solidity of the 'Italian System' and created the world's leading energy engineering company,
Subsea 7 (0OGK) Gets a Buy from Kepler Capital
In a report released on February 24, Kevin Roger from Kepler Capital maintained a Buy rating on Subsea 7 (0OGK – Research Report), with a ...
Reviewing Subsea 7 (SUBCY) and Its Competitors
Subsea 7 (OTC:SUBCY – Get Free Report) is one of 34 publicly-traded companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it compare to its rivals? We will ...
Upstream2d
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 downgraded to Neutral from Outperform at Oddo BHF
Oddo BHF downgraded Subsea 7 (SUBCY) to Neutral from Outperform with a NOK 171 price target Discover the Best Stocks and Maximize Your ...
Comparing Subsea 7 (SUBCY) and Its Rivals
Subsea 7 (OTC:SUBCY – Get Free Report) is one of 34 publicly-traded companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it weigh in compared to its rivals? We ...
Upstream2d
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 ...
Reuters3d
Italy's Saipem, Norway's Subsea 7 to create energy services leader
Saipem's shares opened up more than 5% on Monday before reversing to fall more than 4% while Subsea 7 was up 3.2% as of 1324 GMT. Analysts during a call with the two groups' top teams cited ...
TradeWinds2d
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 ...