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Balfour Beatty to Pay $626 Million For Parsons Brinckerhoff

Publication Date: 17-SEP-09
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Balfour Beatty plc, the U.K.-based global construction giant, announced Sept. 18 that it would acquire US engineering stalwart Parsons Brinckerhoff, New York City, for $626 million. The deal, which officials say would keep 13,000-employee PB in tact as a wholly-owned subsidiary, is still subject to approval by shareholders of both firms.

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