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McDermott Shareholders Approve CB&I Merger, Killing Hostile Takeover Bid By Subsea 7

Shareholders in offshore oil services firm McDermott have approved a proposed merger with engineering firm Chicago Bridge and Iron (CB&I), effectively killing a hostile takeover by Norwegian rival Subsea 7 made last week. Houston-based McDermott International and CB&I announced Wednesday that both companies have received the necessary stockholder approval to complete the combination. Upon closing […]


This post first appeared on GCaptain - Maritime News, please read the originial post: here

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McDermott Shareholders Approve CB&I Merger, Killing Hostile Takeover Bid By Subsea 7

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