SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report March 14, 1994
McDermott International, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Republic of Panama
(State or Other Jurisdiction of Incorporation)
1-8430 No. 72-0593134
(Commission File Number) (I.R.S. Employer Identification No.)
1450 Poydras Street New Orleans, Louisiana 70112-2401
(Address of Principal Executive Offices) (Zip Code)
(504) 587-5400
(Registrant's Telephone Number, Including Area Code)
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Item 2. ACQUISITION OF ASSETS
Pursuant to related agreements entered into on February 28,
1994, in two related transactions, McDermott International, Inc. and a
wholly owned subsidiary acquired, effective as of January 31, 1994,
the shares and related indebtedness of Northern Ocean Services
Limited (NOS) from Cable & Wireless plc of London, England for
38,953,001 British Pounds (approximately U.S. $58 million). NOS is a subsea
and trenching contractor for pipelines, flowlines, cables, and umbilicals.
NOS provides subsea and trenching services to worldwide industries,
such as oil and gas, marine construction, and petrochemical.
NOS owns and operates two dynamically positioned construction
vessels and specialized subsea construction equipment. The vessels
are the MSV Norlift, which supports diving, lifting, pipeline installation,
and trenching, and the MV Northern Explorer, a trenching support
vessel. NOS's subsea construction equipment includes plows for
trenching and burying of rigid and flexible pipe. NOS headquarters will
remain at the Tees Offshore Base in Teesside, England.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
McDERMOTT INTERNATIONAL, INC.
(REGISTRANT)
Date: 3/14/94 By: /s/Brock A. Hattox
Brock A. Hattox
Senior Vice President and
Chief Financial Officer
