01:16 PM EDT, 10/01/2024 (MT Newswires) -- WSP Global ( WSPOF ) on Tuesday said it completed its US$1.78-billion acquisition of Power Engineers, a U.S. consulting firm in the Power & Energy sector.

The purchase price was funded, in part, from the proceeds of WSP's $1.15 billion equity offering (comprised of a $575 million bought deal public offering of subscription receipts and US$575 million private placements of subscription receipts) and partly through drawdowns under an incremental facility supplement.

With the acquisition's closing, each subscription receipt will be exchanged for one common share of WSP.

WSP was last seen down $2.01, to $238.27 on the Toronto Stock Exchange.

Price: 237.93, Change: -2.35, Percent Change: -0.98