BRIEF-Stantec to acquire MWH in deal valued at $795 mln

Tue Mar 29, 2016 4:30pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

March 29 (Reuters) - Stantec Inc Says Deal Financing Also Includes $450 Mln Senior Secured Amortizing Non

* Stantec to acquire mwh, a global professional services firm with leading expertise in water resources infrastructure

* Stantec inc says deal valued at us$795 million

* Rate annual synergies of $33 million from deal

* Under terms of all-cash deal, unanimously approved by boards of directors of both companies

* Says synergies are expected to be fully realized in 2017

* Says will acquire all of issued and outstanding capital stock of mwh for a purchase price of approximately $793 million

* Key members of management team of mwh, including presidents of key business units, will be joining stantec in leadership positions

* Single digit accretive to adjusted earnings per share and mid-teens accretive to adjusted eps in 2017   Continued...