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Construction M&A image Construction M&A » By The Online Investor Staff, updated Mon., Apr. 12, 5:12 PM Recent mergers and acquisitions in the Construction M&A category.

Slide #21. Foster Wheeler MDM Engineering Group Limited

Acquirer: Foster Wheeler (FWLT)
Acquiree: MDM Engineering Group Limited
Details: Foster Wheeler AG (NASDAQ:FWLT) ("Foster Wheeler" or the "Company") announced today that an indirect wholly owned subsidiary of the Company has entered into a merger implementation agreement ("MIA") with MDM Engineering Group Limited (AIM:MDM) ("MDM Engineering") to acquire all of the ordinary shares and options in issue of MDM Engineering in a cash transaction valued at approximately $109 million (the "Transaction").

Foster Wheeler operates through two business groups: Global Engineering and Construction Group, which designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction, facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure; and Global Power Group, which designs, manufactures and installs steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities.

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Company Name: 
Foster Wheeler AG

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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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Construction M&A - Slide 21 of 100 Page |

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