Responding To Media Article, KBR Clarifies That It is Not Pursuing Acquisition of Jacobs CMS Business
Portfolio Pulse from Benzinga Newsdesk
KBR Inc. has clarified that it is not pursuing the acquisition of Jacobs Solution Inc.'s Critical Mission Solutions (CMS) business, contrary to a report by The Sunday Times on August 20, 2023.
August 21, 2023 | 10:13 am
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NEUTRAL IMPACT
KBR Inc. has denied reports of its interest in acquiring Jacobs Solution Inc.'s CMS business. This clarification may stabilize its stock price after potential speculation.
KBR's denial of the acquisition interest may put an end to any speculation that could have caused volatility in its stock price. The news is directly relevant to KBR and is of moderate importance to its investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100