RPS Group shares soared on the acquisition deal by Tetra Tech
Consulting firm RPS Group (GB:RPS) yesterday announced that it has agreed to a cash offer from the U.S.-based Tetra Tech (Nasdaq:TTEK) in a deal valued at £636 million. The company also dropped out of its recommendation for an earlier bid made by Canadian consulting firm WSP Global (TSE:WSP) which earlier agreed to buy the firm in August. The deal value from Tetra Tech signifies a premium of 7.8% on the offer price of 206p per share made by WSP Global. RPS shareholders will receive 222p per share in cash.
RPS Group shares soared on the acquisition deal by Tetra Tech
Consulting firm RPS Group (GB:RPS) yesterday announced that it has agreed to a cash offer from the U.S.-based Tetra Tech (Nasdaq:TTEK) in a deal valued at £636 million. The company also dropped out of its recommendation for an earlier bid made by Canadian consulting firm WSP Global (TSE:WSP) which earlier agreed to buy the firm in August. The deal value from Tetra Tech signifies a premium of 7.8% on the offer price of 206p per share made by WSP Global. RPS shareholders will receive 222p per share in cash.