WSP Waives Due Pre-Condition to Opus Takeover Offer
WSP Waives Due Diligence Pre-Condition to Opus Takeover Offer
MONTREAL, QUEBEC -- (Marketwired) -- Aug 29, 2017 -- WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation") is pleased to announce that it has today waived the due diligence pre-condition contained in its lock-up agreement, dated August 14, 2017, with UEM Edgenta Berhad in relation to the takeover offer for Opus International Consultants Limited (NZX: OIC) ("OIC") (the "Offer"). Accordingly, WSP is now committed to procure that its wholly-owned New Zealand subsidiary makes the Offer, on the other terms previously announced.
WSP also filed its application for consent with the Overseas Investment Office on August 22, 2017. The Offer is conditional on WSP obtaining consent from the Overseas Investment Office.
WSP will send its Offer Document to OIC shareholders between August 30, 2017 and September 13, 2017. Once the Offer Document has been sent to OIC shareholders and the despatch notice has been released in accordance with the Takeovers Code, the final Offer Document will also be filed on SEDAR at www.sedar.com. The Offer will remain open for acceptance until 90 days after the Offer date, unless extended in accordance with the New Zealand Takeovers Code.
Rothschild and its New Zealand alliance partner, Cameron Partners Limited, are jointly acting as financial adviser to WSP in respect of the Offer. Chapman Tripp is acting as legal adviser to WSP in respect of the Offer.
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As one of the world's leading professional services firms, WSP provides technical expertise and strategic advice to clients in the Property & Buildings, Transportation & Infrastructure, Environment, Industry, Resources (including Mining and Oil & Gas) and Power & Energy sectors. We also offer highly specialized services in project delivery and strategic consulting. Our experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 37,000 talented people in more than 500 offices across 40 countries, we are uniquely positioned to deliver successful and sustainable projects, wherever our clients need us. www.wsp.com.
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