Tutor Perini Comments on Media Reports Regarding Potential Acquisition Transaction
March 02 2020 - 6:09PM
Business Wire
In response to media reports, Tutor Perini Corporation (NYSE:
TPC), a leading civil, building and specialty construction company,
confirmed today that a Special Committee of its Board of Directors
comprised of independent directors, on behalf of the Company, is
engaged in discussions regarding a potential transaction for the
acquisition of Tutor Perini. The Special Committee expects that
Ronald N. Tutor, Chairman and Chief Executive Officer, would
continue to retain his management leadership role with the Company
and significant shareholdings in the Company following any
potential transaction. No definitive agreement providing for a
transaction has been reached, and there can be no assurances that
any transaction will result from these discussions or as to the
terms, timing or approval of any such transaction that may be
proposed.
The Special Committee has retained Goldman Sachs & Co. LLC
to serve as its financial advisor and Gibson, Dunn & Crutcher
LLP and DLA Piper LLP (US) to serve as its legal counsel to assist
in its consideration of a potential transaction.
The Company does not intend to make any additional comments
regarding this matter unless and until a definitive agreement
providing for a transaction has been reached or the Company
determines that further disclosure is required by law or
necessary.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil, building and
specialty construction company offering diversified general
contracting and design-build services to private clients and public
agencies throughout the world. We have provided construction
services since 1894 and have established a strong reputation within
our markets by executing large, complex projects on time and within
budget while adhering to strict quality control measures.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200302006035/en/
Tutor Perini Corporation Jorge Casado, 818-362-8391 Vice
President, Investor Relations and Corporate Communications
www.tutorperini.com
Tutor Perini (NYSE:TPC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Tutor Perini (NYSE:TPC)
Historical Stock Chart
From Apr 2023 to Apr 2024