Engineering consultancy giant Amec, based in the UK, announced Monday it reached an agreement to acquire Foster Wheeler for $3.2 billion.
The buyout of the engineering and equipment group has reportedly been in the works by Amec for several months in efforts to boost exports to the US, Latin America and the Middle East.
The buyout follows last September’s $1.1 billion offer by Amec to acquire oilfield servicer Kentz Corp, a deal that ultimately fell through.
Reports say part o the conditions of the deal will require Amec to list itself in the US.
Full Content: The Deal Pipeline
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Facebook’s Legal Battle Over Data Misuse Disclosure Reaches US Supreme Court
Nov 6, 2024 by
CPI
UK’s CMA Raises Concerns Over Boparan’s Feed Mill Acquisition
Nov 6, 2024 by
CPI
Mexico’s Congress to Vote on Reform Dismantling Energy and Telecom Watchdogs
Nov 6, 2024 by
CPI
Wizz Air Loses Challenge to TAROM’s State Aid in European Court
Nov 6, 2024 by
CPI
EU Probes Visa and Mastercard Over Impact of Payment Fees on Retailers
Nov 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI