Subsea 7 (OB:SUBC) Wins Brazil Merger Clearance With Seven Borealis Divestment
Published . Updated .
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Subsea 7 (OB:SUBC) and Saipem received merger clearance from Brazil's competition authority CADE for their planned Saipem7 combination. CADE approval is conditional on the divestment of the pipelaying support vessel Seven Borealis to address offshore engineering market
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “vessel” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “vessel” (container shipping) in this story.
- EWZ iShares MSCI Brazil ETF-15.1% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- ZIM ZIM Integrated Shipping Services-2.4% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “vessel” (container shipping) in this story.
- MATX Matson-2.7% 8d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “vessel” (container shipping) in this story.
- KEX Kirby-13.8% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “vessel” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “vessel” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWETPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| IYTPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| EWZ | +0.47% | +0.81% | base | after close | after close | after close | after close |
| ZIMPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| MATXPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| KEXPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| DACPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Subsea 7 (OB:SUBC) Wins Brazil Merger Clearance With Seven Borealis Divestment Yahoo Finance Singapore
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| EWZ | three days earlier | +0.81% | final price |
| EWZ | five days earlier | +0.47% | final price |
This story
12 out of 100
“Subsea 7 (OB:SUBC) Wins Brazil Merger Clearance With Seven Borealis Divestment” scores 12 out of 100. The score uses 1 sources.