Acergy/Subsea 7 merger due to be completed on 7 JanuaryCompany News // January 5, 2011
Acergy and Subsea 7 have announced today that the merger of the companies is expected to be completed on January 7, 2011.
In light of this, the companies announced that after completion the new company will be known as Subsea 7 SA and the restated Articles of Incorporation approved by Acergy’s shareholders on November 9, 2010 and the appointment of the new Board of Directors of Subsea 7 SA will become effective.
The completion of the combination is expected to take place following the closing of the Oslo Børs on Friday January 7 2011. As a result, the first day of trading in Subsea 7 SA's shares will be Monday January 10, 2011.