On the Record · McDermott International
McDermott International acquisitions, on the record
The businesses McDermott International bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
CB&IWord for word“As a result CB&I shareholders will be entitled to receive 2.47221 shares of McDermott Common Stock for each share of CB&I Common Sto ck owned (or 0.82407 shares if McDermott effects a proposed three-to-one reverse stock split prior to the closing of the Combination), together with cash in lieu of fractional shares.” 10-K for 2017 | merger | — | 2.47221 shares of McDermott Common Stock for each share of CB&I Common Sto ck owned |
North Ocean AS 105 noncontrolling interestWord for word“$11 million for the acquisition of the North Ocean AS 105 noncontrolling interest in the second quarter of 2017;” 10-K for 2017 | acquisition | the second quarter of 2017 | $11 million |
BMD noncontrolling interestWord for word“In the third quarter of 2016, we acquired the BMD noncontrolling interest, as discussed in Note 19, Stockholders’ Equity , to the accompanying Consolidated Financial Statements.” 10-K for 2017 | acquisition | In the third quarter of 2016 | — |
CB&I technology businessWord for word“On the Combination Date, we acquired the equity of certain U.S. and non-U.S. CB&I subsidiaries that owned CB&I’s technology business, as well as certain intellectual property rights, for $2.87 billion in cash consideration that was funded using debt financing and existing cash.” 10-K for 2018 | acquisition | — | $2.87 billion in cash consideration |
CB&I's former Capital Services OperationsWord for word“Excludes approximately $402 million of surety bonds maintained on behalf of CB&I’s former Capital Services Operations, which were sold to CSVC Acquisition Corp (“CSVC”) in June 2017.” 10-K for 2018 | divestiture | June 2017 | — |
Lummus Technology businessWord for word“Under the terms of the SAPA, the stalking horse bidder has agreed, absent any higher or otherwise better bid, to acquire the Lummus Technology business from us for a purchase price of $2.725 billion, subject to certain adjustments.” 10-K for 2019 | agreed divestiture | — | $2.725 billion |
Alloy Piping Products LLC (APP), a portion of the pipe fabrication businessWord for word“W e completed the sale of Alloy Piping Products LLC (“APP”) , a portion of the pipe fabrication business, during the second quarter of 2019.” 10-K for 2019 | divestiture | during the second quarter of 2019 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2018-12-31 | $2.37 billion | $4.82 billion |
| 2019-12-31 | $7 million | — |
Deal filings since 2016
- 2020-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-10-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-10-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-11 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-04-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from McDermott International’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.