The engineering and construction services giant says it will use the cash generated by the sale of its management services unit to pay down debt and buy back shares.
The $24 billion resale market for luxury items is emerging as a major threat to the earnings of luxury retailer Tapestry, owner of the Coach brand.
The stock deal would bring together two specialists in fracking in the Permian Basin.
The deal value, including debt, would be $67 billion, sources told the Financial Times.
The Wall Street Journal reported the iconic motorcycle maker had halted production of its new LiveWire EV bike amid problems with the charging equipment.