Acquisition talks for Tutor Perini dropped because of “volatile market conditions”

Tutor Perini, one of the largest general contractors in the U.S., appears to be the latest company to see a major deal scrapped by the coronavirus crisis. The California-based company announced Wednesday night that talks to acquire it have ended “in light of continuing volatile market conditions.” Tutor Perini didn’t specify the other party in the negotiations, but Reuters reported earlier this year that private equity firm Apollo Global Management had offered to buy the

source https://therealdeal.com/2020/05/14/acquisition-talks-for-tutor-perini-dropped-because-of-volatile-market-conditions/