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Offshore mergers highlight historically weak 2018 in A&D
Offshore consolidation drove what was the smallest oilfield services A&D market in years, according to the Global M&A Database. OFS deals in 2018 totaled $25.9 billion—less than what GE Oil & Gas agreed to pay for Baker Hughes in 2016. Nearly half of the deals were announced in 4Q18, a quarter skewed by the announcement of two of the year’s three billion dollar deals.Leading the way was the Ensco agreement to buy Rowan Companies......
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