|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|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.44|
Chicago Bridge & Iron Company NV. (NYSE:CBI), a construction company based in Netherlands, received a lot of attention from a substantial price increase on the NYSE over the last fewRead More...
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).
McDermott International, Inc. (“McDermott” or the “Company”) (MDR) today announced the completion of the reverse split of its common stock and the expiration and results of its previously announced exchange offer for any and all issued and outstanding common shares of Chicago Bridge & Iron Company N.V. (“CB&I”) (CBI). The 3-to-1 reverse split of McDermott’s common stock became effective at 11:59 p.m., Eastern time, on May 9, 2018.
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NEW YORK , May 3, 2018 /PRNewswire/ -- S&P SmallCap 600 constituent McDermott International Inc. (NYSE:MDR) will replace Diebold Nixdorf Inc. (NYSE:DBD) in the S&P MidCap 400, and Diebold Nixdorf will ...
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 ...
McDermott International, Inc. (“McDermott”) (MDR) and CB&I (CBI) today announced both companies have received the necessary stockholder approvals to complete the proposed business combination. As previously announced, upon completion of the transaction, McDermott stockholders will own approximately 53 percent of the combined company on a fully diluted basis and CB&I shareholders will own approximately 47 percent of the combined company. As a result of the approval by McDermott stockholders of the 3-to-1 reverse stock split resolution, CB&I shareholders will receive 0.82407 shares of McDermott common stock for each share of CB&I common stock tendered in the exchange offer.
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. ...
THE WOODLANDS, Texas , April 26, 2018 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued at nearly $35 million by a leading Canadian infrastructure company for the engineering, ...
McDermott International, Inc. (“McDermott” or the “Company”) (MDR) today reiterated that on April 20, 2018, following the unanimous determination of the Company’s Board of Directors, it rejected an unsolicited, non-binding proposal received from Subsea 7 S.A. (“Subsea 7”) (Oslo Børs: SUBC, ADR: SUBCY) on April 17, 2018 to acquire all of the outstanding shares of McDermott common stock for USD 7.00 per share, payable entirely in cash or up to 50 percent in Subsea 7 stock and the balance in cash. The highly conditional proposal was subject to, among other things, the completion of due diligence, the termination of McDermott’s business combination agreement with CB&I (CBI) and regulatory approvals. McDermott is fully committed to completing the transformational combination with CB&I. The Company’s Board believes the combination with CB&I is in the best interest of McDermott and its stockholders, and has recommended that McDermott stockholders support the transaction.
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.
Egan-Jones Recommends McDermott Stockholders Vote“ FOR” Each of the Proposals Relating to the Combination. HOUSTON, April 24, 2018-- McDermott International, Inc. today announced that Institutional Shareholder ...
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 ...
Combination with McDermott International Expected to Close in May 2018 Company Will Not Hold Earnings Conference Call Due to Pending Combination with McDermott THE WOODLANDS, Texas , April 23, 2018 /PRNewswire/ ...
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.