Fluor Shareholders Approve Company Split

Fluor Corp.’s shareholders Thursday approved splitting the Aliso Viejo engineering, construction, consulting and mining company into two publicly traded firms.

The company said in a press release that shareholders will get one share of the “new” Fluor for each share of existing Fluor stock and will retain their shares in existing Fluor, which is being renamed Massey Energy Co.

The new Fluor shares will be paid Dec. 21 to shareholders of record at the close of business Thursday.

Massey Energy, which will trade on the New York Stock Exchange under the symbol MEE, will continue to conduct the coal mining business and related operations of A.T. Massey Coal, which is based in Richmond, Va.

Shares of the new Fluor, which holds the company’s core engineering, construction and consulting operations, will trade on the New York Stock Exchange under the symbol FLR.