Technip completes acquisition of Global IndustriesCompany News // December 9, 2011
Technip†has completed the acquisition of Global Industries. The shareholders of Global Industries approved the merger at a special shareholders meeting held on November 30th 2011 and will receive US$8.00 per share in cash.
Global Industries has become an indirect, wholly-owned subsidiary of Technip and trading of its shares has been†suspended.
The completion of the merger will allow the integration of Global Industries into Technip to begin, thus benefiting Technipís and Global Industriesí employees and clients, who have been very supportive of the transaction.
Technip said the†initial integration planning carried out since the announcement has confirmed the rationale for bringing Technipís subsea activities and those of Global Industries together.