Media Statement: Fluor Confirms Submitting Offer to Acquire British Nuclear Group.LONDON -- Fluor Corporation (NYSE NYSE See: New York Stock Exchange : FLR FLR Floor FLR Florence, Italy (Airport Code) FLR Flare FLR Florida Lambda Rail FLR Forest Land Reserve FLR Forward-Looking Radar FLR Female Led Relationship FLR Force of Lower Readiness ) confirms that earlier this week the Corporation submitted an offer to British Nuclear Fuels plc (BNFL BNFL British Nuclear Fuels LTD ) to acquire British Nuclear Group British Nuclear Group (BNG) is a subsidiary of BNFL. One of it main aims is to manage the decommissioning of many of the UK's nuclear assets under contract to the Nuclear Decommissioning Authority, a government body set up specifically to deal with the nuclear legacy under the Limited (BNG) in its entirety. Fluor's offer recognises that BNG as a whole is worth far more than its individual parts - its brand, the synergy between its businesses and the wide-ranging and valuable experience of its employees - which all have added value in global nuclear decommissioning opportunities. Were BNG to be split up, its collective value would not be captured for BNG's stakeholders. The UK's ability to compete in the world's nuclear markets would be undermined and many BNG employees would have limited career opportunities once their particular site was cleaned up. Fluor's offer provides a vehicle to maintain and grow BNG with a worldwide focus on nuclear decommissioning and power plant markets. Fluor looks forward to further discussion with BNFL, the UK Government and BNG's stakeholders on this proposal. About Fluor Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering Engineering is a collective term to describe the application of scientific theory in the design, creation, and maintenance of technology. According to 1992 NSF data, the largest fields of engineering are Civil, Electrical / Electronic, Industrial and Mechanical Engineering (by number of , procurement, construction, operations, maintenance and project management. Fluor LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability , a subsidiary of Fluor Corporation, has been in business in the UK for 50 years and currently has some 2,000 employees in its UK offices. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $13.2 billion in 2005. For more information, visit www.fluor.com. (FLRG) |
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