FOSTER WHEELER TAKEOVER UNDER BRUSSELS COMPETITION PROBE
July 5th, 2014NASDAQ-listed pharmaceutical project manager and equipment supplier manager Foster Wheeler has become the subject of a takeover bid by British consultancy and engineering firm AMEC plc, the European Commission has said. Announcing that it would assess the potential deal for competition problems, the Commission said the offer involved a “public tender offer, the consideration for which is a combination of cash and AMEC securities.” Foster Wheeler is based in Zug, Switzerland and its executive headquarters are in Reading, UK.
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