Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

WorleyParsons (ASX:WOR) Completes Jacobs ECR Takeover – Is It Time To Buy?

WorleyParsons Ltd (ASX: WOR) officially closed the $4.5 billion acquisition of Jacobs ECR on Friday (US time) while the ASX was closed.

A Giant Company

As my colleague Max previously advised in this article, the newly formed “Worley” company will employ more than 57,000 people across 51 countries.

This merger is about more than capacity and capability. It’s about opportunity. The opportunity to become the partner of choice for our customers, the employer of choice for our people and to deliver enhanced return for our shareholders” said CEO Andrew Wood.

The Worley business will be broken into four business units, including:

  • Advisian
  • Energy and Chemical Services
  • Mining
  • Minerals & Metals Services and Major Projects and Integrated Solutions.

Synergies

Worley said it expects to generate synergies of $130-160 million over the next two years, with further benefits achieved from optimisation and revenue strategies.

Time To buy?

The bigger a company gets, the more inefficient it can become as various departments tend to work in silos. Synergy benefits are always touted in mergers. Naturally, I’m cynical and would prefer to adopt a wait and see approach with Worley shares.

[ls_content_block id=”14945″ para=”paragraphs”]

Disclaimer: At the time of writing, Andrew does not own shares in any of the companies mentioned.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content