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The buyout offer for McDermott International Inc matters to Chicago Bridge & Iron Company N.V. because the two previously agreed to a merger agreement that would have MDR buying CBI in a $6 ...
McDermott (MDR) expects the deal with Chicago Bridge & Iron Company (CBI) to close in May 2018.
CB&I was founded by Horace E. Horton of Rochester, Minnesota when he moved to Chicago, Illinois, USA in 1889.While initially involved in bridge design and construction, CB&I turned its focus to bulk liquid storage in the late 19th and early 20th centuries, coinciding with the western expansion of railroads across the United States and the discovery of oil in the Southwest.
Bristol-Myers Squibb and Celgene made a deal to sell a blockbuster drug to Amgen, and Disney and Target are forming a retail collaboration.
The Federal Reserve has expanded its balance sheet greatly through three quantitative easing periods since the financial crisis of 2007–2008.In September 2019, a spike in the overnight repo market interest rate caused the Federal Reserve to introduce a fourth round of quantitative easing; the balance sheet would expand parabolically following the stock market crash.
The main perpetrator of the scam was a stock and money market broker Harshad Mehta. It was a systematic stock scam using fake bank receipts and stamp paper that caused the Indian stock market to crash. The scam exposed the inherent loopholes of the Indian financial systems and resulted in a completely reformed system of stock transactions ...
PG&E announced it will file for bankruptcy and Citibank kicked off the earnings cycle with a profit surprise.
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$28 billion in 2023)) led him to gain infamy for market manipulation.