Jacobs (J) was approached about a potential multi-billion-dollar takeover by WSP Global (WSPOF), according to Street Insider, citing a source. Jacobs is said to have hired investment bank Centerview Partners to review the offer, which is said to have both a stock and cash component, but be made up mostly of stock, the report claimed, citing the source.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on J:
- Jacobs wins five-year contract extension for Port of Alaska modernization
- Jacobs selected by Murphy as partner on Uxbridge Moor construction
- Jacobs price target raised to $182 from $169 at Citi
- Jacobs price target raised to $160 from $150 at Barclays
- Jacobs price target raised to $170 from $157 at KeyBanc