WSP Global Seals Major $1.15B Equity Deal

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.

For further insights into TSE:WSP stock, check out TipRanks’ Stock Analysis page.