Off the Table: Acergy, Subsea 7 Terminate Talks about Possible Merger

Acergy would like to inform Shareholders that it has held discussions with Subsea 7 Inc. in relation to a possible merger of the two companies. These discussions have now been terminated.

Mark Woolveridge, Chairman, said, "The Acergy Board gave this approach its fullest consideration, but decided to continue with its independent strategy. With our position as one of the leading companies in the SURF sector, our high quality fleet, operating excellence and good backlog, we remain well positioned for profitable growth. Furthermore, in a challenging period in financial markets, our strong balance sheet underpins the Board's confidence in the Group's ability to deliver value for shareholders."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Landman - Permian Basin
Expertise: Landman
Location: Midland, TX
SXL - Senior Counsel, Corporate Finance & Securities
Expertise: Accounting|Legal
Location: Newtown Square, PA
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $49.71/BBL 1.50%
Light Crude Oil : $48.7/BBL 2.05%
Natural Gas : $3.11/MMBtu 12.68%
Updated in last 24 hours