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TechnipFMC
plc (the “Company”) (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective strategies and provide both improved flexibility and growth opportunities, with each company uniquely positioned to capitalize on the energy transition.
The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.
Hess Corporation: Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 27, 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 3282638 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 3282638. This conference call will also be accessible by
webcast (audio only).
A replay of the conference call will be available from January 27 through February 11, 2021 by dialing 855-859-2056 and entering the pass code 3282638. Outside the United States, parties should dial 404-537-3406 and enter the pass code 3282638.
TechnipFMC plc: TechnipFMC Announces Resumption of Activities Toward Separation into Two Industry-Leading, Independent, Publicly Traded Companies
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1Financing commitments for both companies have been secured from leading international financial institutions. TechnipFMC will retain the outstanding public and private debt but for the European commercial paper program that will be retained by Technip Energies.
The Company believes that the allocation of cash and debt will allow Technip Energies to attain an investment grade capital structure upon completion of the separation. The Company also believes that TechnipFMC s pro forma capital structure has the ability to support an investment grade rating by at least one credit rating agency.
FLORHAM PARK, N.J., Jan. 06, 2021 PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies