- Chicago Bridge & Iron Company N.V. stock price today and history
Chicago Bridge & Iron Company N.V. (CBI) stock prices updated...
Please, Signup (Login) to subscribe or trade (demo)
Chicago Bridge & Iron Company N.V. stock price
Chicago Bridge & Iron Company N.V. latest news:
What's Pushing Chicago Bridge & Iron 12% Higher Today?
While no direct news is coming from CBI today, it could be details from Trump's supposedly leaked infrastructure plan that's pushing the stock price higher.
BRIEF-CB&I Announces Joint Development Agreement With Saudi Aramco
Chicago Bridge & Iron Company Nv(CBI): * CB&I ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH SAUDI ARAMCO.
McDermott, CB&I to merge in deal valued at $6 billion
McDermott International Inc. and Chicago Bridge & Iron Co. NV , which provide infrastructure and other products for the oil and gas industries, announced Monday afternoon that they plan to merge in an all-stock transaction. The companies estimated the enterprise value of the transaction at $6 billion, with McDermott investors owning about 53% of the combined company and CB&I the other 47%, and expect annualized cost savings of about $250 million by 2019. McDermott Chief Executive David Dickson will remain in charge, and the company will retain McDermott's headquarters in Houston, Texas. "Together, we will have a broadened reach across the entire energy industry that addresses evolving customer needs, along with a much stronger and more flexible financial profile than CB&I would independently," said CB&I CEO Patrick Mullen, who will remain with the company through a transition period. The board will include five directors from each company, along with Dickson. When the transaction is complete, CB&I shareholders will receive 2.47221 shares of McDermott for each CB&I share they own, unless McDermott completes a planned 3-to-1 reverse stock split ahead of the closing, which would reduce that number to 0.82407 shares. The companies' stocks bounced around in late trading after the announcement, initially adding more than 1% apiece but then falling back, with McDermott suffering a 0.5% decline and CB&I gaining 0.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chimera Investment CorporationCIM
China Cord Blood CorporationCO
China Digital TV Holding Co.STV
China Distance Education Holdings LimitedDL
China Eastern Airlines Corporation Ltd.CEA
China Green AgricultureCGA
China Life Insurance Company LimitedLFC
China Ming Yang Wind Power Group LimitedMY