McDermott International Inc. (MCDIF)

[eFinanceMarkets]

$MDR The planned $6B merger of McDermott International (NYSE:MDR) and Chicago Bridge & Iron (NYSE:CBI) clears an antitrust hurdle, as the U.S. Federal Trade Commission granted early termination of a required waiting period.

The Hart-Scott-Rodino Act of 1976 establishes waiting periods that typically must elapse in order for a merger to be assessed for its impact on market competition.

The proposed tie-up now only needs approval for the shareholders of the two companies, completion of financing and some other conditions, and regulatory clearance in Russia.