It’s a good time to get a deal on a company when the top two executives just pled guilty to federal bribery charges, apparently.
CH2M Hill, a Colorado-based corporation that sells infrastructure and environmental cleanup services, is in the midst of acquiring Veco for $365 million. The Anchorage Daily News reported that talks to buy out Veco started within a week of chief executive Bill Allen and vice president Rick Smith pleading guilty to federal bribery and conspiracy charges.