An Analysis of the Corporate Merger between the Babcock & Wilcox Co. and J. Ray Mcdermott & Co., Inc.

Abstract

This thesis analyzes the merger, consummated on March 31, 1978, followed a lengthy bidding war between McDermott and United Technologies Corporation. The energy crisis, its impact on the future world economy, and its relationship to the businesses of the Babcock & Wilcox and McDermott are studied. A financial analysis of B&W and McDermott is then conducted to determine their financial positions and potential growth. The terms of the merger, along with its legality are further described and analyzed. A post merger appraisal was undertaken, including such aspects as Three Mile Island and McDermott's 'price-fixing' scandal. The conclusion was that the merger was successful for McDermott for various reasons; but from B&W's viewpoint, the jury is still out.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1980
Accession Number
ADA093556

Entities

People

  • Robert Stephen Russell

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Air Platforms
  • Energy and Power Technologies
  • Ground and Sea Platforms
  • Weapons Technologies

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Composite Materials
  • Construction
  • Energy
  • Fossil Fuels
  • Law
  • Management Personnel
  • Material Degradation Processes
  • Materials
  • Materials Processing
  • Materials Science
  • Materials Testing
  • New York
  • Nuclear Energy
  • Organizational Structure
  • United States

Readers

  • Economics
  • Military Logistics and Supply Chain Management
  • Solar Physics