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BOISE, Idaho (AP) - San Francisco-based URS Corp. is buying Washington Group International for $2.6 billion, the engineering and construction companies announced Monday.
The boards of directors of both companies unanimously approved the deal, which calls for Washington Group stockholders to receive $43.80 in cash and .772 shares of URS stock for each Washington Group share.
The transaction is valued at $80 per share, or a 14 percent premium over Washington Group's closing stock price on Friday.
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