Washington Group International Inc-Filing of certain prospectuses & communications for business combination transactions (425)
November 07 2007 - 4:42PM
Edgar (US Regulatory)
Filed by
Washington Group International, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
And Deemed Filed under the Securities Exchange Act of 1934
Subject Company: Washington Group International, Inc.
Commission File No. 001-12054
Date: November 7, 2007
WASHINGTON
GROUP INTERNATIONAL, INC.
ELECTION
INFORMATION
THE RIGHT TO MAKE AN ELECTION
WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON THE DATE
THAT IS THREE (3) BUSINESS DAYS AFTER THE DAY THE MERGER IS
DECLARED EFFECTIVE (THE
ELECTION
DEADLINE
)
THE ELECTION DEADLINE COULD BE AS EARLY AS NOVEMBER 20,
2007.
To Brokers, Dealers, Commercial Banks, Trust Companies and
other Nominees:
As you know, on May 27, 2007, URS Corporation
(URS) entered into an Agreement and Plan of Merger
(the Merger Agreement) with Elk Merger Corporation,
a wholly owned subsidiary of URS (Merger Sub), Bear
Merger Sub, Inc., a wholly owned subsidiary of URS, and
Washington Group International, Inc. (Washington
Group), pursuant to which Washington Group would be
acquired by URS. On November 4, 2007, URS and Washington
Group entered into Amendment No. 1 to the Agreement and
Plan of Merger (the Merger Agreement, as amended, being the
Amended Merger Agreement). As outlined in URS
and Washington Groups joint proxy statement/prospectus,
dated September 28, 2007 (the Proxy Statement),
and the supplement to the Proxy Statement, dated
November 5, 2007 (the Supplement), under the
terms of the Amended Merger Agreement, each Washington Group
stockholder has the opportunity to elect to receive, for each
share of Washington Group common stock that he or she owns,
either:
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a combination of 0.90 of a share of URS common stock and $43.80
in cash (the
Mixed Election
);
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an amount in cash, without interest, equal to the sum of
(i) $43.80 and (ii) 0.90 multiplied by the volume
weighted average of the trading prices of URS common stock
during the five trading days ending on the trading day that is
one day prior to the day of the special meeting of Washington
Group stockholders at which stockholder approval is received
(the
Cash Election
); or
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a number of shares equal to the sum of (i) 0.90 and
(ii) $43.80 divided by the volume weighted average of the
trading prices of URS common stock during the five trading days
ending on the trading day that is one day prior to the day of
the special meeting of Washington Group stockholders at which
stockholder approval is received (the
Stock
Election
).
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All elections (other than the Mixed Election) will be subject
to proration
Washington Group stockholders may make the Mixed Election, the
Cash Election or the Stock Election with respect to all or any
number of their Washington Group shares. Any Washington Group
stockholder that does not make an election, makes more than one
election on the enclosed election form or misses the Election
Deadline will be deemed to have made no election as to the form
of consideration that such stockholder will receive in the
merger, and will receive the mixed consideration consisting of
0.90 of a share of URS common stock and $43.80 in cash for each
share of Washington Group common stock surrendered as if such
stockholder had made a Mixed Election.
For your information and for forwarding to your clients for whom
you hold shares of WNG common stock registered in your name or
in the name of your nominee, enclosed are the following
documents:
1. The Proxy Statement; and
2. The Form of Election that enables Washington Group
stockholders to make an election.
YOUR PROMPT ACTION IS REQUIRED. PLEASE CONTACT
YOUR CLIENTS,
VIA FEDERAL EXPRESS
, AS SOON AS POSSIBLE.
PLEASE NOTE THAT THE ELECTION DEADLINE COULD BE AS EARLY AS
NOVEMBER 20, 2007.
For an election to be valid, a duly executed and properly
completed Form of Election (or facsimile thereof) should be sent
to Mellon Investor Services LLC, the Exchange Agent, no later
than the Election Deadline.
CERTIFICATES NEED NOT BE SENT TO
MELLON INVESTOR SERVICES LLC AT THIS TIME. A LETTER OF
TRANSMITTAL WILL BE SENT TO YOU AT A LATER DATE FOR SURRENDERING
YOUR WASHINGTON GROUP STOCK CERTIFICATES.
No fees or commissions will be payable by Washington Group or
any officer, director, stockholder, agent, or other
representative of Washington Group to any broker, dealer or
other person for soliciting Forms of Election (other than fees
paid to the Exchange Agent for its services in connection with
the election and exchange process). Washington Group will,
however, upon request, reimburse you for Federal Express mailing
and handling expenses incurred by you in forwarding any of the
enclosed materials to your clients whose shares are held by you
as a nominee or in a fiduciary capacity.
Any inquiries you may have with respect to the election should
be addressed to MacKenzie Partners, Inc., 105 Madison
Avenue, New York, NY 10016 or by telephone at
(212) 929-5500
(collect) or
1-800-322-2885
(toll free) or by email at proxy@mackenziepartners.com.
* * *
NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL
MAKE YOU OR ANY PERSON AN AGENT OF WASHINGTON GROUP, URS OR THE
EXCHANGE AGENT OR AN AFFILIATE OF ANY OF THE FOREGOING, OR
AUTHORIZE YOU OR ANY OTHER PERSON TO USE ANY DOCUMENT OR MAKE
ANY STATEMENT ON BEHALF OF ANY OF THEM IN CONNECTION WITH THE
ELECTION OTHER THAN THE DOCUMENTS ENCLOSED HEREWITH AND THE
STATEMENTS CONTAINED THEREIN.
* * *
This communication may be deemed a solicitation. URS and
Washington Group have filed with the SEC the Proxy Statement,
the Supplement and other relevant documents concerning the
merger. Washington Group stockholders should read the Proxy
Statement, the Supplement, the Amended Merger Agreement and the
other documents filed with the SEC because they contain
important information. Investors may obtain the documents free
of charge at the SECs website,
www.sec.gov,
or by contacting the Information Agent at
(800) 322-2885.
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