Acergy shareholders clear Subsea 7 takeover

UK-based Acergy, a global engineering and construction contractor to the offshore oil and gas sectors, said on Tuesday that its shareholders have approved its acquisition of Cayman Islands-based rival Subsea 7 and the name change to Subsea 7. The two companies announced the deal on 21 June 2010, saying then it would create a USD5.4bn (EUR3.9bn) global company with 12,000 employees and increased presence in all major offshore oil and gas regions. 
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Source: Trading Markets