(Sharecast News) - Italy's Saipem said on Sunday that it has agreed to merge with Norwegian rival Subsea7 to create "a global leader in energy services".
Under the terms of the deal, Subsea7 shareholders will receive 6.688 new Saipem7 shares for each share they hold. Subsea7 will distribute an extraordinary dividend...

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE