Investor News & Events

Date Title  
04/17/18 Leading Proxy Advisor Firm ISS Recommends McDermott Stockholders Vote “FOR” Each of the Proposals Relating to the Combination with CB&I
HOUSTON , April 17, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (“McDermott”) (NYSE:MDR) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that McDermott stockholders vote “ FOR ” each of the proposals
04/12/18 McDermott Provides First Quarter 2018 Operational Update and Reaffirms 2018 Guidance
Strong Start to 2018 Driven by One McDermott Way Announces Increased Target for Synergies for Combined McDermott and CB&I Businesses Leveraging McDermott’s Strong Cost Culture Provides Comparison of Combined Businesses’ Annualized Interest Cost Under Current Capital Structure with Financing
04/10/18 McDermott Completes Phase 1 of QGEP Atlanta Early Production System
McDermott successfully completed the first phase of the deep-water Atlanta Early Production System, located offshore Brazil for independent Brazilian Exploration and Production company QGEP Phase 1 included successful completion of project management, engineering and offshore installation of all
04/09/18 McDermott Announces Date for First Quarter 2018 Financial Results and Conference Call
HOUSTON , April 09, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the first quarter 2018 on Tuesday, April 24, 2018 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart Spence will
04/05/18 McDermott Encourages Stockholders to Vote “FOR” the Proposed Combination with CB&I
HOUSTON , April 06, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) issued the following statement in response to a recent press release from Hotchkis & Wiley regarding the Company’s proposed combination with CB&I (NYSE:CBI): “McDermott is fully committed to completing the
04/04/18 McDermott International, Inc. Announces Pricing of $1.3 Billion of 10.625% Senior Unsecured Notes due 2024
HOUSTON , April 04, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) (“McDermott”) today announced that McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc. (together, the “Post-Merger Co-Issuers”), each a wholly owned subsidiary of McDermott, have priced $1.3
03/29/18 McDermott and CB&I Announce Form S-4 Registration Statement Declared Effective
Companies Announce Dates of Special Meetings of Shareholders HOUSTON and THE WOODLANDS, Texas, March 29, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (“McDermott”) (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the registration statement on Form S-4 filed with the U.S.
03/21/18 McDermott International, Inc. Announces Proposed Offering of $950 Million of Senior Unsecured Notes due 2024 and $550 Million of Senior Unsecured Notes due 2026
HOUSTON , March 21, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (MDR) (“McDermott”) today announced that McDermott Technology (US), Inc. and McDermott Technology (Americas), Inc. (together, the “Post-Merger Co-Issuers”), each a wholly owned subsidiary of McDermott, intend, subject to
03/19/18 McDermott to Present at the Scotia Howard Weil 2018 Energy Conference in New Orleans
HOUSTON , March 19, 2018 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that David Dickson , President and Chief Executive Officer, will speak at the Scotia Howard Weil 2018 Energy Conference in New Orleans on March 26, 2018 at 3:25 p.m. Central Time .
03/14/18 McDermott and CB&I Announce Conclusion of Competition Authority Reviews for Proposed Combination
HOUSTON and THE WOODLANDS, Texas , March 14, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all
03/13/18 McDermott and CB&I Announce Executive Leadership Team and Organizational Structure for Future Combined Company
Leadership team to leverage best-in-class operational excellence, disciplined project execution and track record of strong cost management to unlock near- and long-term value McDermott and CB&I Announce Executive Leadership Team and Organizational Structure for Future Combined Company New
03/12/18 BP selects McDermott and BHGE for subsea contracts for West African Tortue/Ahmeyim Development
McDermott and Baker Hughes, a GE company (BHGE) were selected for engineering, procurement, construction and installation (EPCI) for SURF and SPS for BP’s Tortue/Ahmeyim Field Development with an initial contract placed for front-end engineering and execution readiness The companies will
03/05/18 McDermott Awarded Detailed Engineering and Long Lead Procurement for the BP Cassia C Compression Platform
McDermott to build on its strong collaborative relationship with BP on the Cassia C Compression Platform in Trinidad and Tobago This award builds on McDermott’s work on the BP Trinidad & Tobago, LLC (bpTT) Angelin project McDermott’s digital platform will deliver advanced technology through project
02/21/18 McDermott Reports Fourth Quarter and Full Year 2017 Financial and Operational Results
Exceptional Order Intake of $2.2B in the Fourth Quarter Results in Backlog of $3.9B Coupled with Significant Increase in Revenue Opportunity Pipeline One McDermott Way Drives Continued Excellent Operational Performance Leading to Over 60% Adjusted Operating Income Increase for the Full Year 2017
02/07/18 McDermott Announces Date for Fourth Quarter and Full Year 2017 Financial Results and Conference Call
HOUSTON , Feb. 07, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the fourth quarter and full year of 2017 on Wednesday, February 21, 2018 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial
01/25/18 McDermott and CB&I Announce Early Termination of Hart-Scott-Rodino Waiting Period for Proposed Combination
HOUSTON and THE WOODLANDS, Texas , Jan. 25, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
01/24/18 McDermott Awarded 13 Jacket EPCI Saudi Aramco Contract
The fourth fast-track contract awarded to date in the past 24 months builds off McDermott’s successful track record in the Middle East McDermott to provide 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields offshore Saudi Arabia with a combined weight of 24,000 metric tons Back-to-back
01/24/18 McDermott Updates 2017 Guidance and Issues 2018 Guidance
HOUSTON , Jan. 24, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) (“McDermott,” the “Company,” or “we”) is updating 2017 guidance and issuing 2018 guidance.  Updated Full Year 2017 Guidance   Updated Full Year 2017 Guidance ($ in millions, except as indicated) Revenues ~$3.0B
01/08/18 McDermott Updates Investors Regarding Proposed Combination
HOUSTON , Jan. 08, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today provided an updated investor presentation regarding its proposed combination with CB&I (NYSE:CBI) which was announced on December 18, 2017 . The presentation, which has been included in a filing with the
01/05/18 McDermott Appoints Ian Prescott as Vice President, Asia
HOUSTON, Jan. 05, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today announced Ian Prescott as Vice President, Asia, effective January 8 , succeeding Hugh Cuthbertson who announced plans to retire from the Company. Ian will also be a member of McDermott’s Executive Committee.  

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