# McDermott to merge with Chicago Bridge & Iron in $6B deal

McDermott International and Chicago Bridge & Iron (CB&I) have agreed to an all-stock merger, creating a company with an enterprise value of about $6 billion, with McDermott shareholders owning 53%.

- Type: Acquisition
- Announced: 2017-12-18
- Value: $6.00B
- Status: announced
- Products: oilfield equipment, engineering services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [McDermott International](https://endata.com/companies/2424.md)
- [Chicago Bridge & Iron Company](https://endata.com/companies/1508.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/mcdermott-to-merge-with-chicago-bridge-in-6-bln-deal-idUSL4N1OI5GB/), 2017-12-18: "McDermott's shareholders will own about 53 percent of the merged company and CB&I will own the rest."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.