Judge green lights McDermott Lummus bid plans, compensation scheme

Houston judge signs off on bidding procedures including $2.6 billion stalking horse bid, compensation scheme for executives and employees

Move forward: McDermott chief executive David Dickson — Move forward: McDermott chief executive David DicksonPhoto: MCDERMOTT

Kathrine Schmidt

London

McDermott International David Dickson Samik Mukherjee US Houston

Published 26 February 2020, 12:37Updated 26 February 2020, 15:26