The Traderszone Network

Published in TZ Latest News 4 June, 2016 by The TZ Newswire Staff

Technip’s Acquisition of FMC Technologies Wasn’t Enough to Keep FMC’s Stock From Tumbling in May

Subsea Equipment

What: Despite the news this past month that FMC Technologies (NYSE: FTI) will merge with engineering and construction firm Technip (NASDAQOTH: TKPPY), shares of FMC tumbled 11%, as the entire energy industry — especially those with heavy ties to offshore production — continues to struggle. 

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