.
MergerLinks Header Logo

New Deal


Announced

Subsea 7 withdrew its offer to acquire DOFG for $1.04bn.

Financials

Edit Data
Transaction Value£810m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium25%
One Off Charge-

Tags

Edit

Acquisition

Friendly

Single Bidder

oil and gas

Failed

Public

Cross Border

Norway

energy producer

Offshore Drilling and Other Services

Majority

Synopsis

Edit

Subsea 7, a Luxembourgish-domiciled subsea engineering, construction and services company serving the offshore energy industry, withdrew its offer to acquire DOFG, an integrated offshore services company, for $1.04bn. The board of DOFG concluded that NOK35 per share is below the equity valuation expectation of the board and its current shareholders.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US