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Fly News Breaks for December 10, 2015
TKPPY, FTI
Dec 10, 2015 | 06:29 EDT
Jefferies analyst Brad Handler says a combination of FMC Technologies (FTI) and Technip (TKPPY) seems plausible. Reuters last night reported that the two companies were in talks. The analyst calls a merger of equals logical, but adds he has thought of Technip as the logical acquirer. Either way, the value proposition of the combined company in deepwater development is intriguing, Handler tells investors in a research note. Technip overnight denied it was in talks regarding a possible strategic transaction.
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