One-Page Deal Sheet
AMEC to Acquire Service Giant Foster Wheeler in Multi-Billion Dollar Deal
Amec Plc Foster Wheeler Ag
Announced Date
January 13,2014
Transaction Type
Corporate
Location
Region
Europe
Country
United Kingdom
Transaction Details: Subscribe to see
Foster Wheeler AG has confirmed that, following a comprehensive review of strategic alternatives, it has provisionally agreed with AMEC plc on non-binding outline terms concerning a possible business combination of the Company and AMEC.
While the Company does not generally comment on pending negotiations, today’s confirmation is in response to the recent announcement by AMEC.
The Company and AMEC have negotiated non-binding terms of a business combination pursuant to which AMEC would acquire each outstanding share of Foster Wheeler common stock for transaction consideration consisting of…
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