Saipem, Subsea7 cleared to complete merger in US
Tweet
Share
E-mail
FILE PHOTO: Saipem's pipelay vessel Castorone sails in the Bosphorus on its way to the Black Sea, in Istanbul, Turkey July 5, 2022. REUTERS/Yoruk Isik/File Photo
July 31 (Reuters) - Saipem said on Friday that all applicable waiting periods under the U.S. Hart-Scott-Rodino antitrust law had expired for its planned merger with its Norwegian peer Subsea7.
The companies are now allowed to complete the transaction in the United States, although the merger remains subject to certain regulatory approvals outside the country, Saipem said.
(Reporting by Anna Peverieri in Barcelona; Editing by Louise Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- T-Mobile executives oppose $300B Deutsche Telekom merger plan - report
- Ares CEO says scaling private equity could make sense
- Oil spill from shadow fleet tanker spreading off Oman, satellite images show
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
