HALISTER: Technip, FMC Technologies to Combine in All-Stock Deal

Technip, FMC Technologies to Combine in All-Stock Deal

(Bloomberg) -- Technip shareholders to receive 2 shares of the combined company for each share of Technip; FMC Technologies shareholders to receive 1 share of the combined company for each share of FMC Technologies.
  • New company to be called TechnipFMC, will be listed on the New York and Paris stock exchanges
  • TechnipFMC will have an equity value of $13b based on pre- announcement share prices
  • Deal expected to deliver at least $400m in annual pretax cost synergies in 2019
  • Significantly accretive to both companies’ earnings per share
  • Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
FTI US (FMC Technologies Inc)
TEC FP (Technip SA)

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