Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly equipment news

Construction News

Sat March 23 2019

News » US » CH2M shareholders back merger with Jacobs » published 15 Dec 2017

CH2M shareholders back merger with Jacobs

The shareholders of CH2M have approved Jacobs’ proposed acquisition of the company.

Preliminary results show that more than 95% of the outstanding shares voted in favor of the merger.

Jacobs Engineering had agreed in the summer to buy CH2M in a deal worth a total of US$3.27bn (link opens in new tab).

Each CH2M stockholder was entitled to choose one either a combination of US$52.85 in cash and 0.6677 shares of Jacobs common stock; or US$88.08 in cash; or 1.6693 shares of Jacobs common stock. Holders of approximately 66.8% of the outstanding CH2M shares opted for the third option, with 21.5% choosing the second and 9.3%, the third.

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Equipment News, & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 15 Dec 2017 (last updated on 15 Dec 2017).

More News Channels