Canada's WSP crosses 90% threshold to mop up remaining Opus shares

Thu, 09 Nov 2017

By Rebecca Howard Nov. 10 (BusinessDesk) - WSP Global Inc, a Canadian listed consultancy firm, has crossed the 90 percent threshold needed to enforce mop-up provisions in its takeover bid for local engineering firm Opus International Consultants, meaning it just needs regulatory approval to close the deal. The Canadian consultancy lifted its stake to 90.7 percent from 89.5 percent according to documents filed to the stock exchange. WSP mounted a takeover in August after extended negotiations with Malaysian Stock Exchange-listed UEM Edgen...

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