AMEC completes offer for Foster Wheeler

AMEC plc and its wholly owned subsidiary, AMEC International Investments BV, have announced that the offer to purchase all of the issued and to be issued registered shares of Foster Wheeler AG has been successfully completed and that all conditions to the offer have been satisfied.

AMEC will now make the necessary filings to change its name to Amec Foster Wheeler plc.

Pursuant to the terms of the implementation agreement with Foster Wheeler, the appointment of Stephanie Newby to the Board of Directors of AMEC became effective upon closing of the offer. Stephanie Newby has also been appointed to AMEC's Audit and Ethics Committees. The appointment of J. Kent Masters to the Board of Directors of AMEC will become effective following the termination of his employment with Foster Wheeler.

Adapted from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13112014/amec-completes-offer-for-foster-wheeler-1784/