December 18, 2017 / 9:31 PM / in 10 months

McDermott to merge with Chicago Bridge in $6 bln deal

Dec 18 (Reuters) - 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 $6 billion.

McDermott’s shareholders will own about 53 percent of the merged company and CB&I will own the rest, the companies said on Monday. (Reporting by Ahmed Farhatha in Bengaluru)

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