Five-Star CB&I: Favorable Delaware Supreme Court Ruling May Bring Westinghouse Dispute to a Close
Today's Delaware Supreme Court ruling in favor of 5-star Chicago Bridge & Iron may signal its long-running dispute with Westinghouse is near an end. We believe the uncertainty surrounding this issue was one of the major issues depressing the firm's stock price. CBI stock was trading roughly 35% higher intraday.ÂWe plan no change to our $37 fair value estimate as a result of today's ruling as our fair value estimate already assumed the value of post-closing adjustments or a future settlement...
Chicago Bridge & Iron Company has four operating groups: Engineering & Construction, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities; Fabrication Services, which provides fabrication and erection of steel plate structures, fabrication of piping systems and process modules, manufacturing and distribution of pipe and fittings, and engineered products; Technology, which provides licensed process technologies and catalysts; and Capital Services, which provides maintenance services, environmental engineering and remediation, infrastructure EPC services, program management, and disaster response and recovery.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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