NEW YORK, Dec. 19, 2017 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against CB&I (NYSE: CBI) and its board of directors for breach of fiduciary duty concerning the proposed merger of the company with McDermott International, Inc. Stockholders will receive 2.47221 shares of McDermott International, Inc. common stock (or 0.82407 shares if McDermott International effects a 3-to-1 reverse stock split) for each share of CB&I that they hold. The transaction is valued at approximately $6 billion and is expected to close in the second quarter of 2018.
If you are a stockholder of CB&I and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/cbi. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at firstname.lastname@example.org, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
Attorney Advertising. Prior results do not guarantee a similar outcome.
SOURCE Rowley Law PLLC