Technip & FMC Execute Agreement For Planned Business Combination

摘要

Paris—Technip and FMC Technologies have signed a business combination agreement (BCA) regarding their proposed merger (PCN, 23 May 2016, p 3). The companies signed a memorandum of understanding (MoU) last month to combine in an all-stock merger valued at $13-billion. Under the MoU, Technip shareholders will receive two shares of the new company for each share of Technip, and FMC shareholders will receive one share of the new company for each share of FMC.