Houston engineering and construction giant McDermott International Inc. announced preliminary plans as it prepares to complete a merger with crosstown CB&I on Monday only days after Subsea 7 SA launched a hostile takeover bid, but only for McDermott.
Cb&I
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McDermott, CB&I Merger to Create Engineering Behemoth, with LNG, Petchem Toehold
McDermott International Inc. and CB&I agreed Monday to combine in an all-stock transaction worth an estimated $6 billion, a move that would narrow the energy engineering and construction competition.
December 19, 2017
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