Based on a preliminary vote tally from a special meeting of CH2M HILL Cos. Ltd. stockholders, CH2M stockholders have approved the proposal pursuant to which Jacobs Engineering Group Inc. will acquire CH2M pursuant to a reverse subsidiary merger.
The preliminary results show approximately 95.57 percent of the outstanding shares of CH2M common stock and CH2M preferred stock (on an as-converted basis) voted in favor of the merger.
The preliminary results of the elections made by the stockholders of CH2M also indicated the form of merger consideration they wish to receive in connection with the merger. Each CH2M stockholder was entitled to elect one of the following forms of merger consideration for each share of CH2M common stock and CH2M preferred stock: a combination of $52.85 in cash and 0.6677 shares of Jacobs common stock, $88.08 in cash or 1.6693 shares of Jacobs common stock.
The foregoing results are preliminary only, and final certified results are not expected to be available until following closing of the merger.