Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Opus Shareholders Presented with Increased Offer

Opus Shareholders presented with increased Offer

Opus International Consultants Limited (Opus) has today agreed with WSP NZ Acquisition Limited (WSP) a variation of WSP’s takeover offer in respect of Opus shares.

As varied, the effective Offer price available to shareholders is increased to $1.92 in cash per share. The $1.92 price is made up of $1.78 from WSP and $0.14 from a dividend paid by Opus. Only shareholders holding shares on the record date for the dividend (28 September 2017) will receive the $0.14 per share dividend payment.

Although the formal variation provided that WSP increased its Offer price to $1.85 per share, under the existing terms of the Offer, the Offer price payable is reduced to reflect any additional dividend paid in excess of $0.07 per share. The net result is that WSP will pay the $1.78 referred to above.

This revised price (including dividend) of $1.92 represents a 94% premium to the last trading price prior to receiving the WSP Takeover Notice, and the Independent Directors unanimously recommend that all Opus shareholders accept the Offer.

Alan Isaac, Chair of the Opus subcommittee of Independent Directors, says: “We are pleased with the revised offer and, on behalf of Opus’ Independent Directors, I wish to acknowledge the constructive engagement we have had with WSP to reach this position.”

Opus shareholders will be sent a copy of the Target Company Statement in the next few days, including the Independent Adviser’s Report prepared by KordaMentha.

“WSP has an outstanding reputation in the global marketplace and will provide access to an even wider range of expertise, knowledge and resource for Opus employees, our valued clients and best practice for current and future projects,” says Mr Isaac.

Opus shareholders will have until the 27th of November 2017 to accept WSP’s increased Offer (unless the offer is extended by WSP in accordance with the Takeovers Code). Further information relating to the revised WSP Offer is available at

For further details of the revised offer NZX Announcement



Headquartered in Wellington, Opus International Consultants is a global infrastructure development and services company with more than 35 offices across New Zealand, the UK, Australia and North America.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>


Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>


Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>