McDermott and Chicago Bridge & Iron Company N.V. (CBI) have selected the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction.
The two companies agreed to merge in an all-stock transaction to create an integrated onshore-offshore company in December 2017. The deal was valued at $6 billion. The proposed merger cleared an antitrust hurdle in the U.S. with early termination of Hart-Scott-Rodino (HSR) waiting period in January.
The transaction is currently expected to close in second quarter of 2018.
Brazil Energy Insight 
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