LNG

March 15 (LNGJ) - US-based energy and LNG engineering companies McDermott International and CB&I said they had received antitrust clearance in Russia for their proposed combination. “With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction,” they said. McDermott and CB&I agreed in December to combine in an all-stock transaction to create a company valued at $6 billion. Under the terms of the deal, McDermott stockholders will own around 53 percent of the combined company on a fully diluted basis and CB&I shareholders will own about 47 percent.