Chapter 11 for the dumbest, sister fucking morons to doggy paddle to the shallow end of the gene pool.
https://www.bloomberg.com/news/artic...ll-lummus-unit
McDermott bought "merged with" CB&I in about mid-late 2018 and they fucked up that deal so astronomically that now they're bankrupt!!?
Chicago Bridge & Iron has literally been around for over 125 years! McDermott comes sniffing around for part of their tech biz in East Texas and ends up owning 53% of the global combined entity. Who the fuck did the due diligence and checked the books before they boarded this Titanic that was so fucked they're under water within 18 months!?!!?!! Who is on the board and how have they all not been fired?!
Oh, they're going to sell Lummus? Good luck with that! Who the fuck is going to stay at Lummus in an office like Tyler, Texas when they've been passed around like a hot potato since CB&I bought Howe/Baker in 2001!?
This is a mess but seriously, a company of this size in this level of shit is a pretty bad economic indicator.