KEYFACT Energy
Subsea 7 S.A. has taken note of McDermott International, Inc. shareholders' vote in favour of a combination with CB&I (NYSE: CBI). In light of this vote, Subsea 7 confirms that the proposal made to McDermott's Board of Directors on April 17 and published on April 23 is no longer valid.
Subsea 7 will continue to invest in alternative routes to grow and strengthen its business worldwide, with a focus on differentiation through its market leading capabilities and enabling technology.