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Metamor buying SPR
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January 11, 1999: 9:05 a.m. ET
Computer staffing and services firm to acquire rival in $313 stock swap
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NEW YORK (CNNfn) - Computer staffing and services company Metamor Worldwide Inc. has agreed to acquire rival SPR Inc. in a $313 million stock swap, the companies said Monday.
Metamor Worldwide Inc. (MMWW), based in Houston, will offer 0.8 share of its stock for each share of SPR Inc. (SPRI). Based on SPR's 13.72 million shares outstanding Sept. 30, the deal is valued at about $313 million.
Metamor said it expects the deal, which is expected to closed in April after a shareholders vote, to be accretive to its 1999 earnings per share. The combined company will employ about 8,200 consultants in 73 offices and 21 development centers.
Metamor stock closed Friday up 3-3/16 at 28-1/2. SPR. Inc. was down 1/16 at 17-13/16. 
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