AMEC Inks $3.3B Foster Wheeler Purchase

Law360, New York (February 13, 2014, 1:56 PM EST) -- U.K. engineering company AMEC PLC said Thursday that it has signed a £2.0 billion ($3.3 billion) cash and stock deal to acquire rival Swiss company Foster Wheeler AG a month after announcing a provisional agreement.

AMEC said the parties have entered a definitive agreement for the acquisition and the terms of the deal have not changed from the deal announced Jan. 13. Foster Wheeler shareholders will receive about 0.9 new AMEC shares and $16 in cash with a total value of $32 for each Foster Wheeler...
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