With ~ 98M fully diluted shares, yeah, up to $80/shr, but I don't think it's worth anything close to that. Besides, the PR says "up to $8B":
"The comments come after the London Times reported Tuesday evening that Amec has hired Goldman Sachs (GS) to advise it on a potential acquisition of Foster Wheeler worth up to 5 billion pounds, or $8.15 billion."
It was around $68/shr when they did the 2008 2:1 reverse split, has been floating around $30 ever since, while FLR has almost doubled since then. Hey, I'd be thrilled to get $80/shr, but doubt AMEC would be willing to pay a 250% premium, especially given the asbestos overhang. I think $50 range is more likely, maybe $60 tops, unless a bidding war breaks out. Will make up for me selling FLR at $45 in late 2009 and holding FWLT - should have done the reverse!