Perini shareholders approve buying Tutor-Saliba

Perini Corp., a civil and commercial construction contractor headquarterd in Framingham, said today that its shareholders approved the acquisition of privately-held Tutor-Saliba Corp.

Terms were not disclosed. (The 2007 photo above shows the construction of Center City on the Las Vegas strip; the hotel-entertainment complex is a Perini project.)

Perini said in April it would acquire privately held Tutor-Saliba for $862 million in an all-stock deal pairing two contractors that handle large public and private construction projects.

Perini expects to close the transaction on Monday.

The acquisition will help grow the company's backlog of projects and diversify its reach into new segments, said Michael R. Klein, lead director of Perini.

In May, Perini was named top Massachusetts company of the year in the Globe 100.

On the New York Stock Exchange, shares gained $1.73, or 7 percent, in afternoon trading to $26.29. (AP)