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Technip and $FTI said Technip shareholders will receive 2 shares of the new company for each share of Technip, and $FTI shareholders will receive 1 share of the new company for each share of $FTI. The combined company expects to achieve pretax cost synergies of about $200MM in 2018, and of at least $400MM in 2019 and thereafter.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.