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Subsea 7 makes $2bn hostile bid to break up Mcdermott’s U.S. deal

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Subsea 7 makes $2bn hostile bid to break up Mcdermott’s U.S. deal

24 April 2018, News Wires – Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company’s agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I). The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing …

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Subsea 7 makes $2bn hostile bid to break up Mcdermott’s U.S. deal Subsea 7 makes $2bn hostile bid to break up Mcdermott’s U.S. deal Reviewed by Crude Oil Facilitators on 18:46 Rating: 5

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