AMEC's bid for Foster Wheeler

INTERNATIONAL engineering and project management company AMEC has announced the beginning of a possible takeover deal with engineering, construction and project management contractor and power equipment supplier Foster Wheeler.

AMEC's bid for Foster Wheeler AMEC's bid for Foster Wheeler AMEC's bid for Foster Wheeler AMEC's bid for Foster Wheeler AMEC's bid for Foster Wheeler

The initial terms of the agreement would deliver approximately one new AMEC share as well as $US16 ($A17.71), together making $32, for each Foster Wheeler share.

The offer amounts to $3.2 billion.

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