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FMC Technologies, Inc. (FTI)

  • Nov. 14, 2014, 12:48 PM
  • Aug. 22, 2012, 5:08 PM
    Conditions are ripe for large oilfield service and equipment companies - think HAL, SLB, NOV, CAM, FTI - to continue to snap up smaller firms and assets, Barclays says, citing new regulations encouraging high-specification equipment, operator demand for equipment capable of increasing efficiencies, and the ongoing build-out in offshore markets. (also)
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  • Aug. 21, 2012, 2:52 PM
    Stock investors have reacted in a subdued way to recent deals (I, II, III) for oilfield services firms that should boost the earnings of buyers, including National Oilwell Varco (NOV), FMC Tech (FTI) and Chicago Bridge & Iron (CBI), Tudor Pickering analysts say. Most of the targets, such as Pure Energy, have “healthy” exposure to North America, which analysts say investors "still view skeptically."
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  • Aug. 20, 2012, 8:29 AM
    FMC Tech (FTI) agrees to acquire Canadian oilfield services company Pure Energy Services (PUEYF.PK) for $285M in cash. The C$11/share price values Pure at a premium of 39% over its Friday closing price in Toronto. FTI says the acquisition will help it expand its services business.
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Company Description
FMC Technologies Inc is a provider of technology solutions for the energy industry. It designs, manufactures and services subsea production and processing systems, surface wellhead production systems, measurement solutions and marine loading systems.