McDermott restructuring is likely to produce spinoff

Dierce, Keith
August 1996
New Orleans CityBusiness (1994 to 2008);8/12/96, Vol. 17 Issue 6, p1
Reveals that in case McDermott International Inc.'s sale of its 61% stake to J. Ray McDermott won't push through, it will increase its ownership stake with the company and spin off its power plant equipment construction side which includes Babcock & Wilcox Power Generation Group. Status of McDermott's stock; Replacement of McDermott's chief executive officer Robert Howson.


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