KBR Inc. (KBR), the Houston-based construction and engineering firm, expanded its Government Services segment in 2016 with two sizable acquisitions. KBR acquired Wyle Inc. (Wyle) for approximately $600 million in July, and then acquired Honeywell Technology Solutions Inc. (HTS), which is based in Columbia, Maryland for approximately $300 million in September. From a business combination accounting perspective, one might expect these two deals to look very similar. However, a look at KBR’s financial statement disclosures for each transaction reveals significant differences.
A few things jump out when you compare the purchase price allocations side-by-side. For one, in the Wyle acquisition goodwill …read more
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