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Article: Washington Group Files Motion Seeking Rejection of Raytheon Engineers & Constructors Stock Purchase Agreement.
- Article from:
- Business Wire
- Article date:
- August 6, 2001
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Business Editors
BOISE, Idaho--(BUSINESS WIRE)--Aug. 6, 2001
Washington Group International, Inc. announced today that it has filed a motion in United States Bankruptcy Court for the District of Nevada in Reno seeking authorization from the Court to reject the Stock Purchase Agreement related to Washington Group's July 7, 2000 acquisition from Raytheon Company of Raytheon Engineers & Constructors (RE&C).
Citing financial problems associated with the RE&C purchase, Washington Group and certain direct and indirect subsidiaries filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the Nevada court on May 14, ...