On Air Now

Now Playing

Our Playlist »

Listen

Listen Live Now » 94.7 FM Central Wisconsin 102.9 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
67° Feels Like: 67°
Wind: WNW 8 mph Past 24 hrs - Precip: 0.02”
Current Radar for Zip

Tonight

Isolated Thunderstorms 65°

Tomorrow

Partly Cloudy 85°

Sat Night

Thunderstorms Late 61°

Alerts

British engineer Amec eyeing Foster Wheeler takeover: report

(Reuters) - British engineer Amec is eyeing a takeover of U.S.-listed engineering company Foster Wheeler AG in a potential deal that could create a 5 billion pound ($8 billion) energy services group, The Times reported on Wednesday, citing sources.

The Times said Amec, which provides services and equipment for the oil and gas, mining, nuclear and renewable energy sectors, has appointed Goldman Sachs to advise it on a potential deal.

A spokesman for Amec declined to comment.

Foster Wheeler could not immediately be reached outside regular business hours.

Switzerland-based Foster Wheeler, valued at $2.83 billion, operates through its engineering and construction business and its power business.

The Times cited sources who said that Amec and Foster Wheeler may have held talks in the past but were not engaged in discussions currently.

Amec, a FTSE 100 company, said in August it was looking to make acquisitions in the oil and gas sector.

($1 = 0.6180 British pounds)

(Reporting by Aashika Jain in Bangalore; Editing by Steve Orlofsky)

Comments