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When was Rust Construction Co. bought out by Raytheon in B'ham. AL?
Wiki User
∙ 16y ago
REUTERS
Published: May 21, 1996
The Raytheon Company said yesterday that its Raytheon Engineers and Constructors unit would buy the pulp and paper, industrial process engineering and construction assets of Rust International Inc. for $118 million in cash. Rust, based in Birmingham, Ala., is a wholly owned subsidiary of WMX Technologies Inc. Raytheon, based in Lexington, Mass., said that businesses being acquired had annual revenue of about $400 million. Subject to regulatory approval, the purchase is expected to close within two months. Shares of WMX fell 25 cents yesterday, to $35, on the New York Stock Exchange; shares of Raytheon rose 25 cents, to $52.25.
Wiki User
∙ 16y ago
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