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MDR - McDermott International: A Vital Key To Turn The Ship Around
McDermott International Inc.
Amidst fears from the market that the end might be near for McDermott International (MDR), the management team at the firm has come out with a statement claiming that it is exploring a potential sale of its Lummus Technology business in a deal that would generate billions of dollars in cash and solve a lot of the firm's leverage-related issues. Though this would result in the loss of a vital asset that helps maintain the firm as a one-stop shop for clients who are also looking for technology solutions, it's not unreasonable to