Technip

Technip's shares fell only 0.6% Monday, as European stocks fell another 2.3%.

Bon Voyage for Technip and Global Industries Andrew Peaple 2011

Tata Chemicals along with its joint venture partners Singapore-based Olam International and the Government of Gabon have signed the pre-construction services agreement with Technip S.A. for the gas-based urea fertilizer plant in Gabon, Africa.

Deals India: Morning News Roundup DEALS INDIA STAFF 2011

Technip, with its more-international reach, can make better use of Global's assets.

Bon Voyage for Technip and Global Industries Andrew Peaple 2011

Two of Global's newest vessels can lay pipe using a technology Technip doesn't now have, increasing its potential market by 30%, the company estimates.

Bon Voyage for Technip and Global Industries Andrew Peaple 2011

Amid the deepening gloom for European stocks, French oil services company Technip S.A. has pulled off a $1.1 billion acquisition of Lousiana-based Global Industries, which specializes in oil infrastructure both on and under the sea.

Bon Voyage for Technip and Global Industries Andrew Peaple 2011

Still, Technip's $8-a-share purchase price doesn't look so bad considering Global traded at over $10 as recently as April.

Bon Voyage for Technip and Global Industries Andrew Peaple 2011

In PARIS , the biggest climber was Technip, which rose 1.1%.

European Shares Feel Weight of Greek Downgrade 2011

Technip lost 2.5% after the oil-services company's sales missed analysts' expectations.

European Stocks Extend Winning Streak Aude Lagorce 2011

Technip can comfortably afford Global Industries from its $1.8 billion net cash pile.

Bon Voyage for Technip and Global Industries Andrew Peaple 2011

Global Industries leapt 2.63, or 51%, to 7.78, after France's Technip said it was buying the construction and undersea services company in a deal valued at $1.07 billion.

Stocks Claw Back Brendan Conway 2011