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Stock Market & Financial Investment News

News Breaks
April 14, 2014
07:32 EDTFWLTFoster Wheeler awarded contract for incinerator in Vietnam
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for the design and supply of a carbon monoxide incinerator package for a residue fluidized catalytic cracker. The contract was awarded by JGC, which is acting on behalf of the engineering, procurement and construction consortium for the $9B Nghi Son Refinery and Petrochemical complex to be constructed in the Nghi Son Economic Zone, Thanh Hoa Province, Socialist Republic of Vietnam. The Foster Wheeler contract value was not disclosed and will be included in the company’s 1Q14 bookings. Foster Wheeler will design the incinerator in accordance with the CO emissions requirements of the new complex. The CO incinerator is expected to be shipped free on board as one single module during 2Q15.
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September 12, 2014
13:24 EDTFWLTFoster Wheeler tells employees AMEC changes not being implemented until 2015
Foster Wheeler CEO J. Kent Masters told employees in a letter that the new organizational structure that will be integrated with its recent acquisition of AMEC will not be implemented until 2015. The deal between Foster and AMEC is expected to complete in Q4.
08:36 EDTFWLTFoster Wheeler comments om AMEC acquisition
Foster Wheeler issued an internal announcement to its employees to provide an update regarding the company’s pending acquisition by AMEC, which was previously announced on a Current Report on Form 8-K filed on February 13. A copy of the internal announcement is attached as Exhibit 99.01 to this Current Report on Form 8-K and is incorporated herein by reference. The internal announcement contains statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth below in this Form 8-K. The pending exchange offer by AMEC to acquire all of Foster Wheeler’s issued and to be issued registered shares has not commenced. At the time the Offer is commenced, AMEC will file a registration statement on Form F-4 and a Tender Offer statement on Schedule TO and the company will file a Recommendation Statement on Schedule 14D-9 with respect to the Offer. These documents will contain important information about the Offer that should be read carefully before any decision is made with respect to the Offer. These materials will be made available to the shareholders of the company at no expense to them.
September 9, 2014
07:32 EDTFWLTFoster Wheeler unit awarded contract from Al-Toukhi
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