Tuesday, January 14, 2014

January 13, 2014.

Amec Eyes $3.2 Billion Foster Wheeler Deal

A new poster had suddenly appeared all over London. It had no caption, and represented simply the monstrous figure of a Eurasian soldier, three or four metres high, striding forward with expressionless Mongolian face and enormous boots, a submachine gun pointed from his hip. From whatever angle you looked at the poster, the muzzle of the gun, magnified by the foreshortening, seemed to be pointed straight at you. The thing had been plastered on every blank space on every wall, even outnumbering the portraits of Big Brother. The proles, normally apathetic about the war, were being lashed into one of their periodical frenzies of patriotism. As though to harmonize with the general mood, the rocket bombs had been killing larger numbers of people than usual. One fell on a crowded film theatre in Stepney, burying several hundred victims among the ruins. The whole population of the neighbourhood turned out for a long, trailing funeral which went on for hours and was in effect an indignation meeting. Another bomb fell on a piece of waste ground which was used as a playground and several dozen children were blown to pieces. There were further angry demonstrations, Goldstein was burned in effigy, hundreds of copies of the poster of the Eurasian soldier were torn down and added to the flames, and a number of shops were looted in the turmoil; then a rumour flew round that spies were directing the rocket bombs by means of wireless waves, and an old couple who were suspected of being of foreign extraction had their house set on fire and perished of suffocation.

LONDON----British energy-services company Amec PLC AMEC.LN +0.36%  said Monday it has provisionally agreed on a $3.2 billion cash and shares acquisition of U.S.-listed but Switzerland-based rival Foster Wheeler AG FWLT -1.05%  .

In the room over Mr Charrington's shop, when they could get there, Julia and Winston lay side by side on a stripped bed under the open window, naked for the sake of coolness. The rat had never come back, but the bugs had multiplied hideously in the heat. It did not seem to matter. Dirty or clean, the room was paradise. As soon as they arrived they would sprinkle everything with pepper bought on the black market, tear off their clothes, and make love with sweating bodies, then fall asleep and wake to find that the bugs had rallied and were massing for the counterattack.

Amec said the acquisition of Foster Wheeler would improve its geographic reach, and more than double its revenue in designated growth regions such as Latin America.

Four, five, six----seven times they met during the month of June. Winston had dropped his habit of drinking gin at all hours. He seemed to have lost the need for it. He had grown fatter, his varicose ulcer had subsided, leaving only a brown stain on the skin above his ankle, his fits of coughing in the early morning had stopped. The process of life had ceased to be intolerable, he had no longer any impulse to make faces at the telescreen or shout curses at the top of his voice. Now that they had a secure hiding-place, almost a home, it did not even seem a hardship that they could only meet infrequently and for a couple of hours at a time. What mattered was that the room over the junk-shop should exist. To know that it was there, inviolate, was almost the same as being in it. The room was a world, a pocket of the past where extinct animals could walk. Mr Charrington, thought Winston, was another extinct animal. He usually stopped to talk with Mr Charrington for a few minutes on his way upstairs. The old man seemed seldom or never to go out of doors, and on the other hand to have almost no customers. He led a ghostlike existence between the tiny, dark shop, and an even tinier back kitchen where he prepared his meals and which contained, among other things, an unbelievably ancient gramophone with an enormous horn. He seemed glad of the opportunity to talk. Wandering about among his worthless stock, with his long nose and thick spectacles and his bowed shoulders in the velvet jacket, he had always vaguely the air of being a collector rather than a tradesman. With a sort of faded enthusiasm he would finger this scrap of rubbish or that----a china bottle-stopper, the painted lid of a broken snuffbox, a pinchbeck locket containing a strand of some long-dead baby's hair -- never asking that Winston should buy it, merely that he should admire it. To talk to him was like listening to the tinkling of a worn out musicalbox. He had dragged out from the corners of his memory some more fragments of forgotten rhymes. There was one about four and twenty blackbirds, and another about a cow with a crumpled horn, and another about the death of poor Cock Robin. "It just occurred to me you might be interested," he would say with a deprecating little laugh whenever he produced a new fragment. But he could never recall more than a few lines of any one rhyme.

Foster Wheeler's capabilities in the refining and processing of oil and gas will also complement Amec's business in exploration and production, Amec's Chief Executive Samir Brikho told reporters on a conference call Monday.

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