FTC Approves AMEC's $280M MACTEC Buy

Law360, New York (June 3, 2011, 4:19 PM EDT) -- The Federal Trade Commission gave its blessing Thursday to engineering and project management consulting company AMEC PLC's $280 million purchase of MACTEC, a U.S. engineering and environmental service firm.

The FTC gave early termination approval to the deal, which was announced May 18.

AMEC said it would pay $280 million to MACTEC's private equity and other individual shareholders for the company, a deal expected to close by the end of June.

"This acquisition is fully aligned with AMEC's Vision 2015 growth strategy and provides AMEC with...
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