Announced
Completed
Synopsis
WSP Global, a Canadian business providing management and consultancy services, completed its acquisition of Ecology and Environment, an environmental consulting services company, for $65m. Under the terms of the agreement, E & E’s shareholders received $15 in cash, and a special dividend of up to $0.50, for each share of Class A and Class B common stock they own. “The Board is pleased to have approved a transaction that delivers significant value to E & E’s shareholders and also allows our outstanding professionals to be part of WSP, a leading global firm which is dedicated to serving our clients in solving their environmental needs. The cultural fit and vision of the two organizations combined with achieving more than a 52% premium for our shareholders achieves the Board’s objective of providing value and opportunities for all of our constituents,” Marshall Heinberg, E & E Executive Chairman.
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