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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

BusinessDealWhenValue
CB&I
Word 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 interest
Word 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
acquisitionthe second quarter of 2017$11 million
BMD noncontrolling interest
Word 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
acquisitionIn the third quarter of 2016—
CB&I technology business
Word 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 Operations
Word 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
divestitureJune 2017—
Lummus Technology business
Word 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 business
Word 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
divestitureduring the second quarter of 2019—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash 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

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.