Prosafe, Floatel scrap merger plans after monopoly watchdogs dig in heels
Two offshore accommodation vessel contractors have thrown in the towel on their plans to join forces after running into opposition from monopoly watchdogs.
merger
Transocean’s valuation of Songa ‘staggeringly high’, analyst says
Transocean’s $3.4billion acquisition of rival offshore drilling contractor Songa Offshore is a great deal for the takeover target’s shareholders, an analyst has said.
Altrad agrees £332m Cape takeover
Industrial services provider Altrad said today that it had struck a takeover deal for Cape.
Opinion: Awaiting the jury’s verdict on new kid Baker Hughes GE
Today, Baker Hughes GE (BHGE) will emerge as the new kid on the block on the New York Stock Exchange (NYSE), signalling the formal merger of Baker Hughes and GE Oil and Gas. This new company packs a real punch with around 70,000 employees in over 120 countries and annual revenues of US$23 billion in 2016.
Martin Gilbert undertands £11bn merger nerves
Aberdeen Asset Management (AAM) chief executive Martin Gilbert said yesterday the firm’s talks with clients about a proposed merger with insurance giant Standard Life had been “constructive and positive” overall.
Deal nearing for £11bn Aberdeen Asset Management merger
An £11billion deal to merge Aberdeen Asset Management (AAM) and Standard Life could be completed as soon as today.
Roxi eyes merger and debt free future
Roxi Petroleum has outlined its plans for a merger and debt-free future.
China said to be planning mega-merger of Sinochem, ChemChina
China is planning to merge Sinochem Group and China National Chemical Corp. as the government continues its overhaul of state-owned enterprises, according to a person familiar with the matter.
Slowdown in mergers and acquisitions ‘may hit profits at law firms’
Britain’s leading law firms fear the slide in merger and acquisition (M&A) activity could deal a blow to profits.
Range Resource completes Memorial Resource Development merger
Range Resources said it has completed a merger agreement with Memorial Resource Development.
Oil M&A is back as industry focus shifts from survival to growth
Multibillion-dollar oil and gas deals are back on the table.
Blackstone, Apollo size up distressed oil deals that banks shun
The long wait may finally be over.
ExxonMobil launches a $2.5bn bidding war for InterOil
Exxon Mobil Corp. is doubling down on Papua New Guinea, topping a rival offer for InterOil Corp., a gas explorer focused on the Southeast Asian nation.
Palamon Capital Partners strikes deal for Eneas Group
Palamon Capital Partners said it has agreed the sale of Eneas Group to Norvestor.
Restrata merges with Stirling Group
Restrata today confirmed its takeover of the Stirling Group.
Technip says no plans to stop London HQ after Brexit
French oil services company Technip said there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies - including plans for London to be the legal headquarters of the new group.
Technip and FMC complete agreement as merger progresses
Technip and FMC Technologies have executed a Business Combination Agreement (BCA) regarding their proposed merger announced on May 19, 2016 with the firms hailing it as a major milestone in their merger process.
Updated: Technip FMC lack of “overlap” should mean no repeat of Halli-Baker call off
Analysts are confident Technip and FMC Technologies will do what larger oil service and equipment providers Halliburton and Baker Hughes ouldn’t - close a merger during the market downturn.
Updated: Technip and FMC Technologies confirm mega-merger
Technip and FMC Technologies today revealed the two firms would merge to create TechnipFMC - a new company with an equity value of $13billion.
Centrica in failed North Sea merger
Centrica's bid to merge its North Sea operations with a rival firm fell down just weeks before its fundraising bid, it is understood.
Shell starts jobs consultation with Australian employees
Oil major Shell said it has begun discussions with staff in Australia about job losses as part of plans to cut 10,000 roles globally.
Sunny Hill £6.4m offer for Petroceltic comes to end
A potential takeover by Sunny Hill for Petroceltic has come to a close after the timing for acceptance on the £6.4million bid lapsed.
Norwegian Investment Bank predicts oil industry deals to surge
Deal-making in the oil industry is about to jump.
Halliburton Baker deal deadline suspended as EU seeks more info
The European Union has suspended the deadline for its review of Halliburton’s acquisition of Baker Hughes as regulators said the companies failed to supply “important information.”
Shell BG deal will ‘shape more competitive company’
Royal Dutch Shell has hailed its 52.6 billion US dollar (£36.4 billion) takeover of BG Group as a step towards becoming a “simpler, leaner, more competitive company”. The mega-deal - creating the biggest trader of liquefied natural gas - came into force on Monday after shareholders waved through the tie-up at the end of January.