Status:  Approved

Acquirer:  Technip S.A. (France)

Acquired:  FMC Technologies, Inc. (US)

Value:  US$13 Billion

Industry:  Oil and gas

On October 7, 2016, FMC Technologies, Inc., a Delaware Corporation, and Technip S.A., a French société anonyme, received approval from CFIUS that there are no unresolved national security concerns with respect to their proposed mergers.  (See TechnipFMC Limited, SEC Form S-4, Oct. 11, 2016.)

Back on June 14, 2016, FMC Technologies, Inc., a Delaware Corporation, and Technip S.A., a French société anonyme,  and FMC Technologies SIS Limited, a private limited company incorporated under the laws of England and Wales, entered a Business Combination Agreement to merge their entities.  (See FMC Technologies SEC Form 8-K, and Ex. 99.1 to SEC Form 8-K, July 16, 2016.)   The parties stated that the combination was “a compelling opportunity to create a new global leader in Subsea, Surface and Onshore/Offshore systems and services to the oil and gas industry with the capacity to redefine the production of oil and gas through continued growth and innovation.”  (See TechnipFMC Limited, SEC Form S-4, Oct. 11, 2016.)  “The combined company, which will be called TechnipFMC, would have an equity value of US$13 billion based on pre-announcement share prices.”  (See id.)