Jacobs Sells Resources Business to WorleyParsons for $3.3 Billion
21 Outubro 2018 - 9:45PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Jacobs Engineering Group Inc. (JEC) will sell its
energy, chemicals and resources business to Australia's
WorleyParsons Ltd. (WOR.AU) for US$3.3 billion.
The deal, comprising US$2.6 billion in cash and US$700 million
in WorleyParsons shares, will allow Jacobs to focus on its most
profitable units, including its aerospace and infrastructure
businesses. Jacobs, via the share deal, will also take a roughly
11% stake in WorleyParsons.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
October 21, 2018 20:30 ET (00:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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