Shareholders think this deal is a dog... shareholders on both sides may vote against it. with McDermott only just beginning to dig itself out of a hole, taking on CBI's $2B worth of debt and toxic projects may pull both companies under. Best bet here is BofA is looking out for its own best interests and wanting to get as much cash back as it can before it skedaddles!
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Sure it could, but unlikely, if they're willing to announce it. Most due diligence has been done.
Regulatory and/or antitrust approvals could fall through, or something material coming to light on an existing project (unforeseen) on either side (most likely CB&I, with their problem projects).
Either side's shareholders voting against isn't likely to stop it - most shares are owned by institutions or others who want the sale to go through, for financial reasons.
McDermott shareholders voting against?
That’s an odd question. Why would it not happen??