Atkinson and Clark Reach Agreement in Principle for Clark Purchase of Atkinson Business.

SAN BRUNO San Bruno (săn br

`nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. , Calif.--(BUSINESS WIRE)--Dec. 23, 1997--

Combination is Subject to Negotiation and Execution of Definitive

Documents and Court Approval

Atkinson Atkinson may refer to: Places
In Canada:

Atkinson, Nova Scotia
Atkinson Point, Northwest Territories
Atkinson, Ontario

In the United States of America:

Atkinson, Illinois
Atkinson, Indiana
Atkinson, Maine
Atkinson, Nebraska

(NASDAQ/NMS:ATKNQ) and The Clark Construction Group, Inc., announced today that they have reached an agreement in principle for the sale of the Atkinson business to Clark. The transaction, which has the support of the Atkinson sureties, was approved by the Atkinson Board on December 19, subject to the negotiation and execution of definitive documents to be submitted to the Court by December 29, 1997.

John F. Whitsett, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Atkinson, and Peter C. Forster, Chairman and CEO of Clark, expressed their optimism that the two companies will conclude an agreement that will allow for the completion of the 40 projects currently in Atkinson's portfolio, preserve the ongoing business of Atkinson, and provide opportunities for both Atkinson and Clark employees.

Atkinson operates both domestically and internationally providing full service construction to markets for power, infrastructure, industrial process, pulp and paper, mining, transportation, and water and wastewater treatment.

Clark, a privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , is one of the nation's largest general building contractors building contractor n → contratista m/f de obras

building contractor n → entrepreneur m (en bâtiment)

building contractor and is headquartered in the Washington D.C. area with regional offices and job sites throughout the country.

CONTACT: Atkinson

Jim Stevens Jim Stevens, born July 16, 1984 in Wurzburg, Germany is a striker currently playing for American USL Second Division side Harrisburg City Islanders. Although he was born in Germany, he is American and grew up in Clifton, Virginia. , 650/876-1681

or

Paige Poulos Communications

Paige Poulos, 510/528-0665

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Publication:	Business Wire
Date:	Dec 23, 1997
Words:	218
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