Chicago Bridge & Iron Co NV has agreed to acquire ABB's Lummus Global business, for an enterprise value of $950 million on a debt and cash free basis, subject to adjustments at closing. The acquisition is expected to close in Q4-2007, subject to shareholder and customary regulatory approvals.
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http://plastemart.com/plasticnews_desc.asp?news_id=10751&P=P
Tuesday, August 28, 2007
CB&I to buy out Lummus Global
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