Tutor Perini Announces Termination of Acquisition Transaction Discussions

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that, in light of continuing volatile market conditions, discussions regarding a potential transaction for the acquisition of Tutor Perini have been terminated. These discussions were referenced by Tutor Perini in a press release it issued on March 2, 2020 in light of media reports.

The Company will continue to adhere to its policy not to comment on market rumors or make announcements regarding potential transactions unless the Company determines that further disclosure is required by law or is otherwise necessary.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200513005905/en/

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
www.tutorperini.com

Source: Tutor Perini Corporation

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