WSP Global (TSE:WSP) has released an update.
WSP Global has announced the successful closure of a substantial $1,150 million equity offering, aiming to partially fund the acquisition of POWER Engineers, Incorporated. The offering involved both a bought deal public offering and a private placement, with proceeds set to reduce the need for loans upon the acquisition’s finalization. Major investors, including CDPQ and CPP Investments, have significantly increased their ownership stakes in WSP.
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