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BRIEF-WSP Global to acquire consulting firm Power Engineers Inc
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BRIEF-WSP Global to acquire consulting firm Power Engineers Inc
Aug 12, 2024 2:24 PM

Aug 12 (Reuters) - WSP Global Inc ( WSPOF ):

* WSP TO ACQUIRE POWER ENGINEERS SETTING A MILESTONE FOR

ACCELERATED GROWTH

* WSP GLOBAL INC ( WSPOF ) - PROPOSED ACQUISITION OF POWER FOR A TOTAL

CASH

PURCHASE PRICE OF US$1,780 MILLION

* WSP GLOBAL ( WSPOF ) : PROPOSED DEAL EXPECTED TO BE IMMEDIATELY

ACCRETIVE

TO ADJUSTED NET EARNINGS PER SHARE

* WSP GLOBAL INC ( WSPOF ) - $500 MILLION BOUGHT DEAL PUBLIC OFFERING

AND

$500 MILLION CONCURRENT PRIVATE PLACEMENTS FROM GIC, CDPQ, BCI

AND CPP INVESTMENTS

* WSP GLOBAL INC ( WSPOF ) - TRANSACTION TO BE FINANCED WITH ABOUT

US$1,780

MILLION NEW TERM LOANS

Source text for Eikon:

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