McDermott To File Ch. 11 With $2.7B Bid For Refining Biz
By Rick Archer ( January 21, 2020, 11:25 AM EST) -- Texas oilfield construction company McDermott International Inc. said Tuesday it will file a prepackaged Chapter 11 plan in Texas bankruptcy court with the goal of selling its Lummus Technologies refining business for more than $2.7 billion and quickly executing a debt-for-equity swap....
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