WSP announces closing of MMM acquisition

WSP announces closing of MMM acquisition
October 16
15:42 2015

WSP Global Inc. has completed its previously announced acquisition of MMM Group Limited.

The purchase price of approximately $425 million was paid primarily in cash and by the issuance of WSP shares to MMM employees for an aggregate amount of $22,133,211 at a price of $42.25 per share.

Existing shareholders Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec invested a combined total of $144 million in the deal.

Press release.

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