BRIEF-WSP Global reaches agreement with board of Sweett Group Plc

Wed May 25, 2016 2:21am EDT
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May 25 (Reuters) - WSP Global Inc :

* Reached an agreement with board of directors of sweett group plc

* Under terms , sweett shareholders will be entitled to receive 35 pence (c$ 0.67) in cash for each sweett share held

* Deal values entire issued share capital of sweett at approximately gbp 24 million (c$ 46.1 million)

* Sweett directors, who have been so advised by stockdale, consider terms of acquisition to be fair and reasonable

* Wsp intends to acquire sweett to strengthen its expertise in project management Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)