Perini busy Keating Building Corp. for $43 million

February 2009
Las Vegas Business Press (10712186);2/9/2009, Vol. 26 Issue 6, p12
The article reports on the acquisition of private construction firm Keating Building Corp. by Perini Corp. for $43 million in cash. As of February 2009, Keating is jointly completing the Caesars Palace expansion project with Marnell Corrao Associates. According to Perini Chairman Ron Tutor, the company predicts that there will be synergies from the acquisition deal by using the resources of Keating for regional gaming, hospitality and public works. The acquisition deal will be funded through cash on hand and the expanded borrowing capacity of Perini.


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