Shareholders of FMC Technologies and Technip voted in favor of resolutions required for the consummation of the proposed business combination of the two companies into TechnipFMC.
FMC Technologies held a special meeting of its shareholders. Technip held an extraordinary general meeting of Technip shareholders, as well as a special meeting of Technip shareholders that hold double voting rights.
The proposed combination remains subject to certain regulatory approvals and consents, as well as other customary closing conditions.
FMC Technologies and Technip have already received a clearance decision from the European Commission, United States, India, Turkey, Mexico, Russia and Brazil.
In accordance with English law, the completion date will be set by an order of the Chancery Division of the High Court of Justice expected to be issued on December 21, 2016. The transaction is expected to close in early 2017.