How will the “combination” of McDermott and Chicago Bridge & Iron (CB&) impact things at the MOX debacle, where CB&I Project Services Group is struggling with high worker turnover rates, management problems and the “rework” devil (near-impossible correction of all the endless construction problems, which have helped doom the MOX venture)?
Will McDermott take over the MOX plant shutdown job – closing Temporary Construction Openings (got to keep the pigeons and hawks out!), finishing the wall and roof and securing the building? Let us us know what the merger means to the soon-to-be-terminated MOX project and if workers will be protected when it all tumbles down: srswatch@gmail.com
link to news release:
McDermott and CB&I Stockholders Approve Proposed Combination
“HOUSTON and THE WOODLANDS, Texas, May 02, 2018 (GLOBE NEWSWIRE) — McDermott International, Inc. (“McDermott”) (NYSE:MDR) and CB&I (NYSE:CBI) today announced both companies have received the necessary stockholder approvals to complete the proposed business combination.
The transaction is expected to be completed on May 10, 2018, subject to confirmation of satisfaction of the closing conditions.”