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McDermott Snubs $2B Acquisition Bid, Focuses On CB&I Buy

By Adam Rhodes (April 23, 2018, 4:18 PM EDT) -- Houston-based engineering and construction company McDermott International Inc. on Monday said its board rejected Subsea 7 SA's roughly $2 billion acquisition offer, reiterating its commitment to buy Chicago Bridge and Iron NV in an all-stock deal that boasts a roughly $6 billion enterprise value....

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