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People & Business :: M&A

AMEC to acquire Foster Wheeler for $3.3 billion, creating an E&C powerhouse

2:29 AM MST | February 13, 2014 | Natasha Alperowicz

Foster Wheeler (Zug, Switzerland), a leading engineering and construction firm, today announced that it has entered into a definitive agreement with AMEC (London) under which AMEC will make a recommended offer worth $3.3 billion to acquire all the issued and to be issued share capital of Foster Wheeler. The companies announced last month that they were in exclusive talks on a business combination.    AMEC will offer, for each outstanding share of Foster Wheeler common stock, a consideration consisting of 0.8998 shares of AMEC stock and $16.00 in cash...

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