Items Tagged with 'merger & acquisition'

Dubai-based engineer Sidara exits deal at Aug. 9 deadline, citing "rising geopolitical risks and financial market uncertainty" but offering no details.

The planned acquisition of Dornan Engineering Group, an advanced technology sector specialist, will add another dimension in Europe for Turner and its Germany-based parent company, Hochtief. 

Latest acquisition offer from Sidara, formerly Dar Group, was its third in recent weeks but still "significantly undervalued" the energy specialist, it said.

Jacobs says planned spinoff continues of its Critical Mission Solutions business, which employs 16,000 of its 60,000 employees, but KBR said on Aug. 21 that a rumored purchase "does not align with ... its capital deployment and strategic priorities and thus is not being pursued.”

The U.K.-based engineer's board had agreed to talks with Apollo after its latest $2.1-billion purchase offer made in April, but neither company would say why discussions ended on an official deal.

Purchase of Asia-Pacific assets of Perth contractor Clough “guarantees the continuity" of firm projects and employment for 1,100 employees, says the Italy-based buyer.

In deal to be completed, Layton Construction would offer NY firm added markets and $1.8 billion in revenue but keep name and execs.