DALLAS INVESTOR CUTS STAKE IN MCDERMOTT (MDR)

  A group led by Dallas investor
  Harold Simmons told the Securities and Exchange Commission it
  had reduced its stake in McDermott International Inc by one
  pct, to under five pct.
      The group had said in a March 10 filing, announcing
  acquisition of 5.4 pct of the firm's stock, that it might
  consider seeking control of the company.
  

