MISSISSAUGA, Ontario, Dec 4 (Bernama-GLOBE NEWSWIRE) — Golder Associates Corporation’s parent company, Enterra Holdings Ltd. (“Golder” or the “Company”) announces that it has entered into a definitive agreement (the “Arrangement Agreement”) with a wholly-owned subsidiary of WSP Global Inc. (“WSP”), pursuant to which WSP will acquire Golder (the “Transaction”) by way of a plan of arrangement under the Companies Act (Nova Scotia) for aggregate consideration of $1.14 Billion (USD).
The Transaction is expected to close in the first half of 2021, subject to obtaining the final approval of the Supreme Court of Nova Scotia, the approval of the Golder shareholders (“Shareholders”), certain regulatory approvals and satisfaction or waiver of customary closing conditions.