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McDermott to Sell CB&I Storage Business for $475MM
McDermott International Ltd is selling its CB&I storage business to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement, McDermott said it expects to receive $475 million before taxes and transaction expenses. The transaction is expected to be completed in the fourth quarter.
McDermott to sell CB&I storage unit to Mason-led consortium for $475m
McDermott plans to use the proceeds from the sale to repay CB&I's term loan, cash collateralise certain letters of credit and reduce an existing term loan.
McDermott announces $475 million sale of storage business
McDermott International announced a $475 million deal on Monday to sell its CB&I storage business to an investor group led by Mason Capital Management. CB&I is a global designer and builder of storage facilities,
McDermott announces agreement to sell CB&I storage business
McDermott International, Ltd. (Houston) announced it has entered into an agreement to sell its CB&I storage business (CB&I) to a consortium of
McDermott Announces Agreement to Sell CB&I Storage Business Line to Consortium of Financial Investors
McDermott International, Ltd (McDermott) today announced it has entered into an agreement to sell its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management.
Consortium Led by Mason Capital Management to Acquire CB&I From McDermott
CB&I is the world's most technically advanced builder of storage facilities serving customers across the water and wastewater, upstream, downstream, petrochemical and industrial sectors. The Company delivers products and solutions for critical energy infrastructure projects,
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
10d
McDermott Scores FEED Contract for Rovuma LNG in Mozambique
The contract scope of work includes the modular design of a greenfield liquefied natural gas (LNG) production facility in Afungi.
10d
McDermott Adds KPMG Tax Partner in London, Plots Further Growth
McDermott Will & Emery has hired a London partner from KPMG as part of an ongoing expansion amid a busy local market.
6d
on MSN
It’s too early for Bills to fire Sean McDermott - but the clock is ticking
The Buffalo Bills shouldn’t fire Sean McDermott after their Week 5 loss, but the re-emergence of concerning trends may ...
Syracuse.com on MSN
7d
Bills’ Sean McDermott roasted for ‘insane management’: ‘There may not be a dumber’ decision
McDermott acknowledged that the loss was on him after the Texans kicked a field goal at the end of regulation to win.
Irish Mirror on MSN
11h
Everton and Ireland legend recalls ‘deal off’ warning ahead of move to Kevin Keegan’s Newcastle
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...
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