Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Early February date set for DSND-Halliburton merger

    News // February 1, 2002
    Bill Westcott, Marketing Manager at DSND Subsea in Houston, tells Offshore Shipping Online that the planned merger between DSND Subsea and Halliburton Subsea, should be completed very shortly.

    "There remains a certain amount of business to be decided and/or announced concerning the merger. Most of this should be forthcoming in the next several weeks", said Westcott.

    According to other information from DSND in Norway, the Interim Board for the new company met for a fourth time on 11 December in London to review the findings from the Due Diligence process, and the was due to meet again by the end of 2001 at which timethe tax structure for the new venture was due to be formalized and offers were expected from bank consortia for financing.

    More articles from this category

    More news