Chicago Bridge & Iron's McDermott Merger Opens A Can Of Worms [Seeking Alpha]
CHICAGO BRDGE & IRON (CBI)
Last chicago brdge & iron earnings: 4/23 04:30 pm
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Source: Seeking Alpha
Chicago Bridge & Iron's McDermott Merger Opens A Can Of WormsSummaryCBI is a mess laden with debt from bad acquisition decisions past.McDermott has recovered from a difficult period but may not be healthy enough to take on the debt that is coming with the merger.The combined entity will be starting out from a position of difficulty.
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