Jacobs (J) and PA Consulting have reached an agreement for Jacobs to acquire the remaining stake in PA Consulting. The deal is structured with the company acquiring the remaining stake, which is primarily held by PA existing and former employees, for upfront consideration of approximately 1.216 billion pounds. The upfront consideration, net of certain transaction expenses payable by the shareholders, will be paid 80% in cash and 20% in Jacobs' shares. The transaction also includes deferred consideration of 75 million pounds which is payable in Jacobs' shares as valued on the two-year anniversary following closing, cash, or a combination thereof, at Jacobs' election.
Jacobs expects the transaction to increase adjusted EBITDA margin post-close. The transaction is expected to be accretive to adjusted EPS in the first 12 months after closing.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.