Thursday, May 19, 2016

FMC Technologies, Technip Agree to $13 Billion Oil-Services Merger

FMC Technologies and French oil-services rival Technip said they would merge in a $13 billion deal, a sign of accelerating consolidation in the sector hit hard by spending cutbacks by large oil groups amid the recent slump in crude prices.

from WSJ.com: US Business http://ift.tt/1VaC36Y
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