Jacobs to Sell Energy, Chemicals and Resources Business to WorleyParsons for $3.3 Billion
Jacobs Engineering Group Inc. (NYSE: JEC) announced that it has entered into a definitive agreement to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Limited (ASX: WOR) for $3.3 billion, consisting of $2.6 billion in cash and $700 million in WorleyParsons ordinary shares. The transaction value represents a multiple of more than 11.5…
