Accession Number : ADA093556


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


Descriptive Note : Master's thesis,


Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CA


Personal Author(s) : Russell,Robert Stephen


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a093556.pdf


Report Date : Sep 1980


Pagination or Media Count : 159


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.


Descriptors :   *ECONOMIC ANALYSIS , *MANAGEMENT PLANNING AND CONTROL , *CORPORATIONS , COMMERCE , MARKETING , INVESTMENTS , THESES , NUCLEAR POWER PLANTS , POWER SUPPLIES , PROCUREMENT , VENDORS , NUCLEAR ENERGY , MARINE ENGINEERING , LEGISLATION , PROFITS , LAW ENFORCEMENT , FINANCE , BOILERS , LEGAL DEFENSE , CRIMES , PRICE INDEX , REACTOR ACCIDENTS , NATIONAL ENERGY CRISIS , OFFSHORE DRILLING


Subject Categories : Administration and Management
      Economics and Cost Analysis


Distribution Statement : APPROVED FOR PUBLIC RELEASE