Saipem and its Norwegian rival did not disclose the financial terms of the deal, which, according to Reuters, is valued at ...

Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 creating a company focused on drilling, ...

Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in ...

Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the ...

Saipem ( OTCPK:SAPMF) ( OTCPK:SAPMY) said Sunday it agreed to merge with rival oilfield services company Subsea7 ( ...

Saipem and Subsea7 have announced a $4.6 billion merger to create a new oil field services giant, Saipem7, with significant ...

Saipem struck an agreement in principle on the key terms of a potential acquisition of Subsea7, which would result in a ...

Investors’ reaction to the proposed merger of Saipem and Subsea 7 has been very subdued — and negative in the case of the ...

Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies, to create an industry leader in ...

Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies ...

SUBCY and Saipem's merger is estimated to have a valuation of $4.63 billion. The combined entity will be renamed Saipem7.

Italian oil services firm Saipem (BIT:SPMI) and Norwegian competitor Subsea 7 (OL:SUBC) are merging in a $4.63 billion deal to form an offshore energy powerhouse. The announcement sent Subsea 7 shares ...