Carter & Burgess Shareholders OK Sale to Jacobs, Sources Say
The path has been cleared for Jacobs Engineering Group to acquire engineer Carter & Burgess.
A majority of shareholders of Carter & Burgess voted Oct. 24 both to change company bylaws to allow employee shareholders to sell stock and to accept an acquisition offer from Jacobs, according to informed sources inside and outside the company. About 80% of Carter & Burgess' estimated 90 shareholders approved the votes; a 75% mandate was required to pass each motion.