Regions Northeast | Boston
Perini, Tutor-Saliba Merger Takes Step Forward
May 20, 2008

Perini Corp., the Framingham-based civil construction and construction management company, revealed that the requisite waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as it pertains to its planned acquisition of Sylmar, Calif.-based Tutor-Saliba Corp., has expired. On April 2 of this year, Perini and Tutor-Saliba entered into a definitive agreement to merge in an all-stock deal valued at $862 million. With the expiration of the waiting period, Perini is one step closer to facilitating the merger; however, there are still other hurdles to jump, including the attainment of Perini shareholders' approval of the transaction.

 
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