Tetra Tech, a Pasadena, California-based consulting and engineering services firm, acquired WYG, a management consulting company, for £43.4m. The price of 55 pence in cash per WYG Share represents a premium of approximately 244% to the Closing Price of 16 pence per WYG Share on the Last Practicable Date. Commenting on the Acquisition, Jeremy Beeton, non-executive chairman of WYG, said: "The WYG Board and I unanimously recommend the Offer from Tetra Tech. Becoming part of the Tetra Tech Group enables benefits of scale and access to expertise across highly complementary geographies and client relationships, and brings operational infrastructure and financial strength to support WYG's long term growth ambitions. We provide Tetra Tech with a strong platform for investing in growth in the UK and Europe. We believe the combination of our two companies will provide greater opportunities for our people and clients, as well as offering certainty of immediate value to our shareholders at a considerable premium to the prevailing share price."