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| Foster Wheeler redomesticates from Bermuda to Switzerland Foster Wheeler Ltd. announced that its board of directors has unanimously approved the redomestication of the company from Bermuda to Switzerland. Foster Wheeler's shareholders will be asked to vote in favor of the proposal at a shareholders meeting expected to be scheduled for January 2009. If approved by shareholders, and subject to the approval of the Supreme Court of Bermuda and satisfaction of certain other conditions described in the company's proxy statement for the meeting of shareholders, Foster Wheeler is targeting completion of the redomestication in the first quarter of 2009. In connection with the redomestication, Foster Wheeler would establish an office in Zug, Switzerland. write your comments about the article :: © 2008 Construction News :: home page |