Go to Top

February 2018

Granite Construction to Acquire Layne Christensen in $565 Million Stock Merger Transaction

WATSONVILLE, Calif. & THE WOODLANDS, Texas–(BUSINESS WIRE) Granite Construction Incorporated (NYSE: GVA) and Layne Christensen Company (NASDAQ: LAYN) announced today that they have entered into a definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million, including the assumption of net debt. The transaction, which was unanimously approved by the Boards of Directors of both companies, is expected to …Read More