Amec takeover of Foster Wheeler viewed as strategic success

摘要

Amec's US $3.1 Bn takeover of Foster Wheeler is being seen as a good strategic move for the UK company. The deal will end a three-year drought of major transactions in the sector where targets' high growth forecasts have made it difficult for firms to agree on price. Only last August Amec's $1 Bn approach for Kentz was rejected for being too low.