FRAMINGHAM, Mass.--(BUSINESS WIRE)--Perini Corporation (NYSE: PCR - News), a leading building, civil construction and construction management company, said its shareholders today approved the acquisition of Tutor-Saliba Corporation at the Annual Meeting of Perini shareholders. Perini announced that it expects to close the transaction on Monday, September 8, 2008.The proposal to approve the issuance of the shares in the merger was approved by over 88 percent of shareholders voting on the proposal. All other proposals related to the merger were also approved by shareholders.
In addition, Perini shareholders also elected all of the company nominees to the Board of Directors and approved all other proposals presented to shareholders at the Annual Meeting, including an amendment to increase the number of shares authorized for issuance under Perini’s 2004 Stock Option and Incentive Plan.
Michael R. Klein, Lead Director of Perini, said, “I am delighted that Perini’s shareholders have approved this transaction, and by a margin that clearly illustrates enthusiasm about the significantly enhanced shareholder value that we expect the combination of these two highly successful and complementary companies – Perini and Tutor-Saliba – will create.
Read More
