Golder Associates Corporation’s parent company, Enterra Holdings Ltd has announced that it has entered into a definitive agreement with a wholly-owned subsidiary of WSP Global Inc in which WSP will acquire Golder by way of a plan of arrangement under the Companies Act (Nova Scotia) for aggregate consideration of US$1.14bn. The Transaction is expected to close in the first half of 2021.
The Transaction must be approved by the Shareholders at a meeting expected to be held on January 13, 2021. The requisite approval will be the affirmative vote at the Meeting of not less than three-fourths of the votes cast by all Shareholders present in person or by proxy at the Meeting.
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