Wednesday, February 14, 2018

Granite Construction To Acquire Layne Christensen In $565 Million Stock Deal

Watsonville, Calif.-based Granite Construction Inc. and The Woodlands, Texas-based Layne Christensen Co. announced Feb. 14 that they have entered into a definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million, including the assumption of net debt. The transaction, which was unanimously approved by the boards of directors of both companies, is expected to close in second-quarter 2018.
Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/granite-construction-to-acquire-layne-christensen-in-565-million-stock-deal/

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