McDermott and Chicago Bridge to merge for US$6 billion

Oilfield equipment and services provider McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they agreed to an all-stock merger that would create a company with an enterprise value of about US$6 billion.

McDermott’s shareholders will own about 53 % of the merged company and CB&I will own the rest, the companies said recently.

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