Foster Wheeler AG FWLT
today announced that it has entered into a definitive agreement with
AMEC plc AMCBF pursuant to which AMEC will make an offer to acquire
all the issued and to be issued share capital of the Company. Under the
terms of the offer, AMEC will offer to exchange for each outstanding
share of Foster Wheeler common stock transaction consideration
consisting of 0.8998 shares of AMEC stock and $16.00 in cash.
Separately, Foster Wheeler expects to pay a one-time dividend of $0.40
per share prior to, and not conditional on, the closing of the offer.
The Company expects that there will be no Swiss withholding taxes on the
dividend.
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in