Balfour Beatty Drops Plan To Buy J.A. Jones
Keywords: ENR, engineering news-record, costs, government, management, analysis, equipment & materials, labor
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Delivery: Immediate Online Access
Publication Date: 20-SEP-02
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Article Description| Balfour Beatty plc., has pulled out of talks to acquire J.A. Jones, Inc., Charlotte, N.C., because it could not finance the acquisition through a stock sale that it had planned. The company spent around $14 million on due diligence before dropping the deal and will record a special one-time charge reflecting the expense. Balfour Beatty saw "significant ... |
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