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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:31 EDTFWLTFoster Wheeler unit awarded contract by Marubeni, value not disclosed
Foster Wheeler that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan. The value of Foster Wheeler’s contract was not disclosed and was included in the company’s Q1 bookings. The steam reformer will be part of a hydrogen production unit with a capacity of 24K normal cubic meters per hour to be built at the refinery. The hydrogen plant is based on Foster Wheeler’s hydrogen technology. Foster Wheeler’s scope of work is scheduled to be completed in April 2015.
News For FWLT From The Last 14 Days
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September 18, 2014
07:33 EDTFWLTFoster Wheeler announces collaboration agreement with ZeoGas LLC
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September 17, 2014
07:31 EDTFWLTFoster Wheeler unit selected by Plaxica
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September 16, 2014
07:30 EDTFWLTFoster Wheeler unit awarded EPCm contract by Sasol
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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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