|Bid||19.11 x 1600|
|Ask||19.13 x 1400|
|Day's range||19.06 - 19.36|
|52-week range||9.55 - 36.15|
|PE ratio (TTM)||N/A|
|Earnings date||26 Feb 2018 - 2 Mar 2018|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||17.00|
A potential breakthrough technology is being tested in Houston—a new kind of natural-gas power plant that captures and reuses what normally goes up the smokestack: carbon dioxide, heat, and water. But the concept endured another kind of test last week in Chicago.
David Dickson, chief executive officer of McDermott International Inc., has already turned around one troubled construction company. Now he’s trying to persuade investors he can do it again.
McDermott International, Inc. (NYSE:MDR) today provided an updated investor presentation regarding its proposed combination with CB&I (NYSE:CBI) which was announced on December 18, 2017. The presentation, which has been included in a filing with the Securities and Exchange Commission, can be accessed by visiting www.sec.gov or by visiting the investor relations section of McDermott’s website. McDermott is a leading provider of integrated engineering, procurement, construction and installation (“EPCI”), front-end engineering and design (“FEED”) and module fabrication services for upstream field developments worldwide.
Chicago Bridge & Iron (CBI) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
Chicago Bridge & Iron (CBI) reaches settlement agreement with Cameron LNG concerning the three-train LNG liquefaction project in Hackberry, LA.
On a day the major benchmarks lost ground, McDermott International and Chicago Bridge & Iron announced a merger, and Navistar turned in strong quarterly results.
** Air Berlin's unit Niki can keep its valuable runway slots while Austria's Transport Ministry examines its insolvency filing, the airspace regulator said amid growing interest in the carrier from potential bidders.
The merger of McDermott (MDR) and Chicago Bridge & Iron is expected to create sustainable and profitable business model delivering best-in-class solutions for customers.
McDermott's shares were down 9 percent, while CB&I rose 8 percent in after-market trading on Monday. "Customers worldwide increasingly seek a single company that can offer end-to-end solutions, and the combination of McDermott and CB&I responds to these evolving customer needs," McDermott Chief Executive David Dickson said on conference call. McDermott on Monday offered 2.47221 of its shares for every CB&I stock held, a 3 percent premium to the company's closing price.
McDermott's shareholders will own about 53 percent and CB&I investors the rest of the combined company, which will have pro-forma annual revenue of about $10 billion, the companies said on Monday. The estimated enterprise value of the all-stock transaction is about $6 billion, based on McDermott's Friday close, the companies said. McDermott primarily focuses on offshore operations, while CB&I's strength is in onshore projects.
McDermott International Inc. and Chicago Bridge & Iron Co. NV , which provide infrastructure and other products for the oil and gas industries, announced Monday afternoon that they plan to merge in an ...
Chicago Bridge & Iron (CBI) announces that it has received full notice to proceed from Kazakhstan Petrochemical Industries for the project management services in Kazakhstan.
Investors in Chicago Bridge & Iron Company (CBI) need to pay close attention to the stock based on moves in the options market lately.
Chicago Bridge & Iron's (CBI) third-quarter 2017 earnings and revenues missed the consensus estimates, dragged down by decline in revenues year over year.