|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.60 - 16.65|
|52 Week Range||9.55 - 23.08|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Does the share price for Chicago Bridge & Iron Company NV. (NYSE:CBI) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF)Read More...
Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and offshore services group that will expand its presence in the Middle East. McDermott's offshore engineering and construction work will combine with CB&I's onshore skills including liquefied natural gas (LNG) and power plants. McDermott will bolster its service offerings in Saudi Arabia, where it is already adding facilities and has contracts with national oil company Saudi Aramco (IPO-ARMO.SE).
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McDermott International shareholders on Tuesday approved a merger with Chicago Bridge & Iron Co that creates a vertically integrated onshore and offshore engineering and construction company, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal. More than 50 percent of McDermott shareholders supported the merger and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the deal, the companies said, and the combination is expected to close on May 10.
McDermott International shareholders on Tuesday voted in favor of a merger with Chicago Bridge & Iron Co, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal. Oslo, Norway-based ...
On April 23, McDermott International (MDR) stock jumped nearly 16%. McDermott International rejected Subsea 7’s offer to acquire the company for $7.00 per share. McDermott International has been in negotiations with Chicago Bridge & Iron Company (CBI) since December 18, 2017, for a business combination. The proposed transaction aims to combine a fully vertically integrated onshore-offshore company, with an engineering, procurement, construction, and installation service offering. ...
Norwegian offshore oil services firm Subsea 7 is open to potentially sweetening its $2 billion offer for McDermott if the U.S. company would work with it to identify additional benefits of a deal, Subsea said on Wednesday. "Subsea 7 is open to considering amending its proposal if it can discover additional value through discussions with the McDermott management team," Subsea, one fifth owned by Norwegian billionaire Kristian Siem, said in a statement.
Chicago Bridge & Iron's (CBI) first-quarter 2018 adjusted earnings trumps the Zacks Consensus Estimate, while revenues lag the same.
The The Hague, Netherlands-based company said it had net income of 43 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
An oil and gas construction specialist put together a $2 billion offer for McDermott's board. The board responded with a "no, thank you" for now.
Offshore oil services firm Subsea 7 (SUBC.OL) has made an unsolicited offer worth about $2 billion (1.43 billion pounds) for U.S. rival McDermott (MDR.N), potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I) (CBI.N). The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent, an Oslo-based consultancy, Rystad Energy, said. The flurry of M&A activity comes as oil prices have risen to more than $70 a barrel, lifting the need for offshore services and the appetite for offshore investments.
Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I). The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent, an Oslo-based consultancy, Rystad Energy, said.
McDermott’s board rejected the proposal on April 20, but Subsea 7 said it “will consider increasing its proposed price upon further assessment of McDermott’s business through discussions with McDermott management.”
McDermott International Inc. confirmed that it had rejected an unsolicited buyout bid by Norway-based Subsea 7 S.A. , adding that it remains "fully committed" to completing the deal to buy Chicago ...
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Shares of McDermott International Inc. soared 19% in premarket trade Monday, while shares of Chicago Bridge & Iron Co. , which has agreed to be acquired by McDermott, sank 12% after Norway-based oil-services company Subsea 7 S.A. reportedly made a bid to buy McDermott. Subsea said it made a buyout bid of $7 a share for McDermott, which was 15.7% above Friday's closing price, and values McDermott at about $2.0 billion, but McDermott rejected the deal, The Wall Street Journal reported. Subsea said the deal was subject to the termination of McDermott's pending merger with Chicago Bridge & Iron, the WSJ report said.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding CBI totaled $299 million.