Jacobs Engineering Group Inc. (NYSE:JEC) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On March 20, 2019, Jacobs Engineering Group Inc. (the “Company”) and WorleyParsons Limited (“WorleyParsons”) received approval from the Committee on Foreign Investment in the United States (“CFIUS”) with respect to the previously announced pending sale of the Company’s Energy, Chemicals and Resources business (“ECR”) to WorleyParsons (the “Transaction”). The Company and WorleyParsons have now received all required approvals under the competition laws of the United States and certain foreign jurisdictions in which ECR operates. Subject to the satisfaction of the remaining conditions to closing, the Company anticipates that the closing of the Transaction will occur by the end of April 2019.
About Jacobs Engineering Group Inc. (NYSE:JEC)
Jacobs Engineering Group Inc. is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services. It operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as oil and gas exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings; infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.