USA: Global Industries Shareholders Approve Proposed Technip S.A. Merger

Global Industries, Ltd. announced that, at a special meeting held in Houston, Texas, its shareholders voted to approve the proposed merger of an indirect, wholly-owned subsidiary of Technip S.A. with and into Global Industries, as well as other proposals related to the merger.

Global Industries and Technip had previously announced the merger on September 12, 2011. Subject to the satisfaction of final customary closing conditions, the merger is expected to close on December 1, 2011.

About Global Industries, Ltd.

Global Industries is a leading solutions provider of offshore construction, engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide. Global Industries shares are traded on the NASDAQ Global Select Market under the symbol “GLBL.”

Subsea World News Staff , December 01, 2011;  Image: Global Industries