AMEC Buys BCI Engineers and Scientists Inc. For $20 Million Cash
February 02 2011 - 2:37AM
Dow Jones News
AMEC PLC (AMEC.LN), an international engineering and project
management company, said Wednesday that it has acquired BCI
Engineers and Scientists, Inc. (BCI), a Florida-based consulting
firm focused on the water and mining sectors, from its
owner-managers for a total cash consideration of $20 million.
MAIN FACTS:
-Of the total cash consideration of $20 million, $15 million was
paid at closing, with the balance to be paid over the next two
years, subject to performance.
-Shares closed Monday at GBP12.51, valuing the company at
GBP4.15 billion.
-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275;
razak.baba@dowjones.com
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