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Article: Washington Group Submits Documents Supporting $469 Million Adjustment to Raytheon Engineers & Constructors Purchase Price.
- Article from:
- Business Wire
- Article date:
- July 2, 2001
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Business Editors
BOISE, Idaho--(BUSINESS WIRE)--July 2, 2001
Washington Group International, Inc. today announced that it has submitted detailed financial schedules and supporting documentation which demonstrate that Raytheon Company owes Washington Group $469 million pursuant to the purchase price adjustment clause of the stock purchase agreement under which Washington Group acquired Raytheon Engineers & Constructors (RE&C) in July 2000.
On June 1, 2001, the District Court of the Fourth Judicial District of the State of Idaho ordered Raytheon Company to produce the contractually-required April 30, 2000 balance sheet of its former subsidiary, ...