September 3, 2014 / 8:29 PM / 4 years ago

Canada's WSP Global to buy Balfour Beatty's U.S. engineering, design business

Sept 3 (Reuters) - WSP Global Inc said it would buy Balfour Beatty Plc’s U.S. engineering and design business, Parsons Brinckerhoff, for an enterprise value of about $1.24 billion to increase its footprint in the United States.

The deal is being financed through a combination of a $502 million bought deal public offering, $400 million in private placement and new credit facilities, WSP Global said.

The deal includes an additional consideration for cash retained by Parsons Brinckerhoff of up to $110 million, WSP Global said. (Reporting by Sneha Banerjee in Bangalore; Editing by Simon Jennings)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below