Jacobs says planned spinoff continues of its Critical Mission Solutions business, which employs 16,000 of its 60,000 employees, but KBR said on Aug. 21 that a rumored purchase "does not align with ... its capital deployment and strategic priorities and thus is not being pursued.”
The U.K.-based engineer's board had agreed to talks with Apollo after its
latest $2.1-billion purchase offer made in April, but neither company would say why discussions ended on an
official deal.
Purchase of Asia-Pacific assets of Perth contractor Clough “guarantees the continuity" of firm projects and employment for 1,100 employees, says the Italy-based buyer.