McDermott, Chicago Bridge & Iron shareholders approve merger [Reuters]
CHICAGO BRDGE & IRON (CBI)
Last chicago brdge & iron earnings: 4/23 04:30 pm
Check Earnings Report
US:NYSE Investor Relations:
cbi.com
Company Research
Source: Reuters
McDermott, Chicago Bridge & Iron shareholders approve merger | Reuters 3 Min Read HOUSTON (Reuters) - McDermott International ( MDR.N ) shareholders on Tuesday approved a merger with Chicago Bridge & Iron Co ( CBI.N ) that creates a vertically integrated onshore and offshore engineering and construction company, thwarting an attempt by offshore drilling contractor Subsea 7 ( SUBC.OL ) to block the deal. More than 50 percent of McDermott shareholders supported the merger and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the deal, the companies said, and the combination is expected to close on May 10. Shares of CB&I were up about 5.8 percent to $16.65 in midday trading, while McDermott shares dipped 0.3 percent to $6.74. Oslo, Norway-based Subsea 7 said on Wednesday it had withdrawn its offer to buy McDermott and would seek other means of expanding its business. In April, it bid $2 billion for McDermott and sought to halt it
Show less
Read more
Impact Snapshot
Event Time:
CBI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CBI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CBI alerts
High impacting CHICAGO BRDGE & IRON news events
Weekly update
A roundup of the hottest topics