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Webcor Builders Plans To Sell 70% to Obayashi Corp.- ENR.com | McGraw-Hill Construction

Publication Date: 27-NOV-06
Author:  Richard Korman
Format: HTML

    
Description:
Webcor Builders, a San Mateo, Calif.-based general contractor that has grown significantly in the last decade, says it intends to sell 70% of the company’s stock to Japan’s Obayashi Corp. for cash. The deal will allow the company to expand its backlog with a parent company guarantee while providing financing for existing stockholders to sell ...
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