Deal Snapshot
FAIRPOINTE CAPITAL SUPPORTS CHICAGO BRIDGE AND IRON MERGER WITH MCDERMOTT
Monday 16 April 2018

US-based investment advisor Fairpointe Capital LLC supports the proposed merger of US-based engineering, procurement and construction company Chicago Bridge and Iron (NYSE: CBI) and McDermott International (NYSE: MDR) and will vote in favour of the transaction at the upcoming shareholder meetings on 2 May, the firm said.
Fairpointe Capital has voting control of 5.9% of the outstanding shares of McDermott International and 5.9% of the outstanding shares of Chicago Bridge and Iron.


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Details
Date Published: 16/04/2018
Target: Chicago Bridge and Iron
Country: USA
Deal Size: 1.86bn (USD)
Sector: Construction/Real Estate
Type: Merger
Financing:
Status: Agreed
Vendor:
Buyer: McDermott International
Comment:
Fairpointe Capital supports deal. The firm has voting control of 5.9% of the outstanding shares of McDermott International and 5.9% of the outstanding shares of Chicago Bridge and Iron

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