Fluor Completes Sale of Environmental Unit
- Share via
Fluor Corp. said Friday that its Fluor Daniel operating unit has completed the previously announced sale of Fluor Daniel GTI Inc., its Massachusetts-based environmental company, to IT Group.
The firm, an environmental services company, acquired all outstanding shares of Fluor Daniel GTI for $8.25 per share in cash.
Irvine-based Fluor Corp., which owned a 52% stake in the company through its Fluor Daniel engineering and construction services unit, received $36.3 million from the transaction for its 4.4 million share. The company said the proceeds would not have a material impact on earnings.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
