Saturday, October 3, 2009

PARSONS BRINCKERHOFF HAS AGREED TO BE ACQUIRED BY BALFOUR BEATTY

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Earlier this month, I posted the ‘The Ambassador 14th Street’ animation from Parsons Brinkerhoff, well there has been some changes at PB since then.; They are in the process of being acquired by Balfour Beatty of the UK.  Check out the press release.

PARSONS BRINCKERHOFF HAS AGREED TO BE ACQUIRED BY BALFOUR BEATTY,   CONDITIONAL ON A VOTE OF ITS SHAREHOLDERS

(New York, NY) – September 17, 2009 – Keith J. Hawksworth, the CEO of Parsons Brinckerhoff Inc. (PB), the employee-owned engineering, strategic consulting, planning and program/construction management firm founded in New York City in 1885, announced today that the company’s Board of Directors and Executive Committee are recommending to shareholders to approve the acquisition of PB by the London-based infrastructure firm Balfour Beatty plc (BB) for $626 million. PB’s Shareholders’ Meeting will take place on October 21st.
( More . . . ) 

http://www.pbworld.com/news_events/press_room/press_releases/pdf/press-release-september-17-2009.pdf