Logo Background RSS

Advertisement

Notable Mergers and Acquisitions of the Day 03/11: WG, DVN/BP, KGC

  • Written by admin | No Comments Comments
    Last Updated: March 11th, 2010
    • Willbros Group, Inc. (NYSE: WG) today announced an agreement to acquire InfrastruX Group, Inc., a leading national provider of electric power and natural gas transmission and distribution infrastructure services. The acquisition creates an engineering and construction service provider with leadership positions in the global natural gas infrastructure markets as well as the fast-growing electric power transmission and distribution (T&D) markets in North America.

      Under the agreement, stockholders of privately held InfrastruX will receive cash of $360 million and 7.9 million in new Willbros shares, amounting to approximately 19.9 percent of outstanding Willbros shares or $120 million, based on the Willbros 10-day

Advertisement

Leave a Comment