Speculation about Jacobs takeover bid
There has been revived speculation in a potential takeover bid for US-based Jacobs Engineering Group by private equity, with both Blackstone and TPG mentioned as possible bidders. The rumour has led to increased trading in Jacobs' shares and in share options. Jacobs is one of the world's largest engineering firms, with annual revenue exceeding $11 billion. Second quarter results for its current financial year will be released on 27 April.
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