Mason Capital Management-led group, which includes IES Holdings (IESC) and other investors, agreed to purchase CB&I storage business from McDermott International, Mason said Monday.
McDermott said separately it expects to receive gross proceeds of $475 million from the transaction.
The deal is expected to close in Q4, the companies said.
Price: 210.50, Change: -1.12, Percent Change: -0.53
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments