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AMEC acquires Foster Wheeler for $3.3 billion

8:19 AM MST | February 21, 2014

Foster Wheeler (Zug, Switzerland), a leading engineering and construction firm, says 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 of the issued and to be issued share capital of Foster Wheeler. The companies announced in January that they were in exclusive talks on a business combination (CW, Jan. 20, p. 12). 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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