Granite Construction to acquire Layne Christensen in $565M stock merger

Granite Construction and Layne Christensen announced a definitive agreement for Granite to acquire Layne in a stock-for-stock transaction valued at $565 million, including net debt. The deal enhances Granite's water infrastructure market presence.

“This strategic transaction brings together two complementary organizations to create a platform for growth, delivering significant benefits for shareholders, employees, and customers.”trenchlesstechnology.com

• 1 source
• trenchlesstechnology.comGranite Construction to Acquire Layne ChristensenTT StaffFeb 15, 2018

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