McDermott-CB&I merger clears antitrust hurdle in U.S.

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A merger transaction between McDermott and CB&I, estimated to be worth about $6 billion, has cleared an antitrust hurdle in the U.S. with early termination of Hart-Scott-Rodino (HSR) waiting period. 

McDermott and CB&I on Thursday informed that the U.S. Federal Trade Commission (FTC) has granted early termination of the waiting period under the HSR Antitrust Improvements Act of 1976, as amended, with respect to their proposed combination.

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