McDermott keeping the name following CB&I merger

Following the closing of pending merger between McDermott and CB&I, the combined company intends to retain the name McDermott. 

Announcing this decision on Monday, McDermott said that the combination remains subject to customary conditions, including approval by McDermott’s and CB&I’s stockholders and other closing conditions, but it is expected to close in May 2018.

“The name McDermott provides a strong foundation for the combined company and a platform on which we can build our future together,” said McDermott President and Chief Executive Officer David Dickson, who will continue to lead the combined company as revealed in March when the combined company’s organizational structure was also announced.

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