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McDermott International Inc (MDR.N)

MDR.N on New York Stock Exchange

7.00USD
23 Apr 2018
Change (% chg)

$0.95 (+15.70%)
Prev Close
$6.05
Open
$6.75
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$6.59
Volume
8,469,219
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1,781,194
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$9.06
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$5.39

Latest Key Developments (Source: Significant Developments)

ISS Recommends CB&I Shareholders Vote "For" Proposed Transaction With McDermott
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Chicago Bridge & Iron Company NV ::LEADING PROXY ADVISORY FIRM ISS RECOMMENDS CB&I SHAREHOLDERS VOTE "FOR" THE PROPOSED TRANSACTION WITH MCDERMOTT.CHICAGO BRIDGE & IRON - ISS RECOMMENDED CB&I SHAREHOLDERS VOTE "FOR" TRANSACTION WITH MCDERMOTT AT SPECIAL GENERAL MEETING OF SHAREHOLDERS ON MAY 2.  Full Article

Mcdermott International Says Amended And Restated Commitment Letter
Friday, 6 Apr 2018 

April 5 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL SAYS AMENDED & RESTATED COMMITMENT LETTER DATED AS OF DEC 18, 2017 - SEC FILING.MCDERMOTT INTERNATIONAL - AMENDMENT PROVIDES FOR SENIOR SECURED TERM LOAN FACILITY OF $2.260 BLN, A $1 BLN SENIOR SECURED REVOLVING CREDIT FACILITY.MCDERMOTT INTERNATIONAL -AMENDMENT ALSO PROVIDES $1.390 BLN SENIOR SECURED LETTER OF CREDIT FACILITY & SENIOR UNSECURED BRIDGE FACILITY OF $1.3 BLN.  Full Article

McDermott International Prices $1.3 Bln Of 10.625% Senior Unsecured Notes Due 2024
Thursday, 5 Apr 2018 

April 4 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL, INC. ANNOUNCES PRICING OF $1.3 BILLION OF 10.625% SENIOR UNSECURED NOTES DUE 2024.  Full Article

McDermott International Announces Proposed Offering Of Senior Unsecured Notes
Thursday, 22 Mar 2018 

March 21 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL, INC. ANNOUNCES PROPOSED OFFERING OF $950 MILLION OF SENIOR UNSECURED NOTES DUE 2024 AND $550 MILLION OF SENIOR UNSECURED NOTES DUE 2026.MCDERMOTT INTERNATIONAL INC - PROCEEDS OF OFFERING WILL BE DEPOSITED INTO A SEGREGATED ESCROW ACCOUNT.MCDERMOTT- ON SATISFACTION OF ESCROW CONDITIONS, INTENDS TO USE PROCEEDS TO PAY PART OF PRICE FOR PENDING ACQUISITION OF TECHNOLOGY OPERATIONS OF CB&I.  Full Article

Mcdermott And Cb&I Announce Conclusion Of Competition Authority Reviews For Proposed Combination
Thursday, 15 Mar 2018 

March 14 (Reuters) - Mcdermott International Inc ::MCDERMOTT AND CB&I ANNOUNCE CONCLUSION OF COMPETITION AUTHORITY REVIEWS FOR PROPOSED COMBINATION.MCDERMOTT INTERNATIONAL - COS HAVE RECEIVED ANTITRUST CLEARANCE IN RUSSIA FOR PROPOSED COMBINATION.MCDERMOTT INTERNATIONAL - DEAL EXPECTED TO BE COMPLETED IN Q2 2018.  Full Article

McDermott Awarded EPCC Contract For Tyra Redevelopment Project By Maersk Oil
Friday, 22 Dec 2017 

Dec 22 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED EPCC CONTRACT FOR TYRA REDEVELOPMENT PROJECT BY MAERSK OIL.MCDERMOTT INTERNATIONAL - WORK ON CONTRACT IS EXPECTED TO BEGIN EARLY NEXT YEAR & LUMP SUM CONTRACT WILL BE REFLECTED IN CO'S Q4 2017 BACKLOG.MCDERMOTT INTERNATIONAL INC - SCHEDULED TO COMPLETE WORK PACKAGES FOR SAIL-AWAY BY FEB 1, 2020 & FEB 1, 2021.MCDERMOTT INTERNATIONAL- CO TO PROVIDE ENGINEERING, PROCUREMENT, CONSTRUCTION FOR 2 SEPARATE WORK PACKAGES FOR MAERSK OIL IN REDEVELOPMENT PROJECT.  Full Article

Mcdermott International Says In Case Of Termination Of Deal With Cb&I Under Certain Specified Circumstances, Co To Pay Cb&I Termination Fee Of $60 Mln
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Chicago Bridge & Iron Company Nv ::MCDERMOTT INTERNATIONAL- IN CASE OF TERMINATION OF DEAL WITH CB&I UNDER CERTAIN SPECIFIED CIRCUMSTANCES, CO TO PAY CB&I TERMINATION FEE OF $60 MILLION.  Full Article

Mcdermott And CB&I To Combine In Transaction Valued At $6 BLN
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Mcdermott International Inc ::MCDERMOTT AND CB&I TO COMBINE IN TRANSACTION VALUED AT $6 BILLION.MCDERMOTT INTERNATIONAL INC - MCDERMOTT SHAREHOLDERS TO OWN 53% AND CB&I SHAREHOLDERS TO OWN 47% OF COMBINED COMPANY.MCDERMOTT INTERNATIONAL - COMBINED CO TO HAVE COMBINED REVENUES OF APPROXIMATELY $10 BILLION AND BACKLOG OF APPROXIMATELY $14.5 BILLION.MCDERMOTT INTERNATIONAL - CB&I SHAREHOLDERS TO BE ENTITLED TO RECEIVE 2.47221 SHARES OF CO STOCK FOR EACH SHARE OF CB&I COMMON STOCK OWNED.MCDERMOTT INTERNATIONAL - DEAL IS EXPECTED TO BE CASH ACCRETIVE, EXCLUDING ONE-TIME COSTS, WITHIN FIRST YEAR AFTER CLOSING.MCDERMOTT INTERNATIONAL INC - DEAL ALSO EXPECTED TO GENERATE ANNUALIZED COST SYNERGIES OF $250 MILLION IN 2019.MCDERMOTT INTERNATIONAL INC - ANNUALIZED COST SYNERGIES OF $250 MILLION EXPECTED IN 2019 FROM DEAL.MCDERMOTT INTERNATIONAL - DAVID DICKSON, CURRENT PRESIDENT AND CEO OF MCDERMOTT, WILL BE PRESIDENT AND CEO OF COMBINED CO.MCDERMOTT INTERNATIONAL - STUART SPENCE, CURRENT CFO OF MCDERMOTT, WILL BE CHIEF FINANCIAL OFFICER OF COMBINED COMPANY.MCDERMOTT INTERNATIONAL INC - BOARD OF DIRECTORS OF COMBINED CO WILL BE COMPRISED OF 11 MEMBERS, INCLUDING 10 INDEPENDENT DIRECTORS AND DAVID DICKSON.MCDERMOTT INTERNATIONAL INC - COMBINED CO HAS SECURED ABOUT $6 BILLION OF FULLY-COMMITTED FINANCING, LED BY BARCLAYS, CREDIT AGRICOLE CIB & GOLDMAN SACHS.MCDERMOTT INTERNATIONAL INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF BOTH COMPANIES.  Full Article

McDermott awarded major EPCI contract in Middle East
Friday, 10 Nov 2017 

Nov 9 (Reuters) - McDermott International Inc :McDermott awarded major EPCI contract in Middle East.McDermott International Inc - ‍work on contract is expected to begin immediately and will be reflected in McDermott's Q4 2017 backlog​.  Full Article

Mcdermott reports Q3 gaap earnings per share $0.33
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - McDermott International Inc :McDermott reports third quarter 2017 financial and operational results.Q3 gaap earnings per share $0.33.Q3 revenue $958.5 million versus I/B/E/S view $985.1 million.Q3 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.McDermott International Inc - ‍as of September 30, 2017, company's backlog was $2.4 billion, compared to $3.3 billion at June 30, 2017​.McDermott International Inc - sees FY revenues about $3 billion‍​.McDermott International Inc - sees FY diluted income per share about $0.53‍​.FY2017 revenue view $3.16 billion -- Thomson Reuters I/B/E/S.McDermott International Inc sees ‍FY capex about $120​ million.  Full Article