Lawyers from White & Case worked alongside leading law firms based in the U.K., Luxembourg, Norway and the Cayman Islands in negotiating the $2.5 billion acquisition of offshore engineering company Subsea 7 by oil services company Acergy S.A.

According to the terms of the deal, the new entity will operate under the Subsea 7 name. Acergy will issue 1.065 shares of common Acergy stock for every common share of Subsea 7. Subsea Chairman Kristian Siem and Acergy CEO Jean Cahuzac will assume those respective roles on the new board, which will include officers from both companies. Based on stock figures disclosed by the companies, the new Subsea 7 entity will have a market capitalization of $5.4 billion.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]