TechnipFMC PLC (NYSE: FTI) has decided to delay a much-anticipated deal that would split it into two companies on concerns about the ongoing global pandemic and other issues.
The coronavirus outbreak, a sharp decline in oil prices and equity market volatility have materially changed the environment in which TechnipFMC would conduct the split, the company said in a March 15 press release.
“The impacts of these events have created a market environment that is not currently conducive to the company’s…