Jacobs Sells Energy Unit to WorleyParsons in $3.3 Billion Deal

The transcript covers a conference call discussing a $3.3 billion deal involving Jacobs and Worley Parsons. Key topics include capital deployment strategies, market reactions, and strategic focus on high-margin businesses. The discussion highlights infrastructure projects, particularly in the US, and the company's involvement in aerospace, including NASA missions. The valuation of the deal is considered favorable, with synergies expected to benefit both companies. The deal allows Jacobs to focus on infrastructure and government services, while Worley Parsons gains diversification in the energy sector.

What is the significance of the $20 million stranded costs in the deal?

How does Jacobs' strategy differ from Worley Parsons in terms of business focus?