Magic Circle firms Linklaters and Freshfields Bruckhaus Deringer are advising on a $3.2 billion cash-and-stock takeover of Swiss oilfield services and power equipment maker Foster Wheeler by British engineering giant Amec.
The deal, which is expected to close in the second half of this year if approved by shareholders of both companies, would help London-based Amec bolster its position in Latin America. Completion of the merger—in which the combined companies would be valued at more than $8 billion—would also see Amec become publicly listed in the United States. (Nasdaq-listed Foster Wheeler’s operational headquarters are in Clinton, N.J.)
