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Australian engineering firm, WorleyParsons has entered into a deal to acquire Jacobs Engineering’s energy, chemicals and resources business for $3.3 billion. Jacobs will now focus on higher growth, higher margin lines of business including aerospace, technology, environment and nuclear projects and buildings, infrastructure and advanced facilities. The transaction will take place through a $2.06 billion entitlement offer and a $700 million stock issuance to Jacobs and new debt.
