StockMarketWire.com - Project management and technical consultancy WYG said it had agreed to be acquired by Tetra Tech for £43.4m.

WYG shareholders would receive 55p for each of their shares, which WYG said represented a 244% premium to their closing price 'on the last practicable date' of 16p each.

'Becoming part of the Tetra Tech group enables benefits of scale and access to expertise across highly complementary geographies and client relationships,' WYG chairman Jeremy Beeton said.

It also brought operational infrastructure and financial strength to support WYG's long term growth ambitions, he added.

Tetra Tech chief executive Dan Batrack said WYG's expertise in infrastructure and program management, as well as water and environmental services, enabled it to support the UK's infrastructure needs.


At 8:27am: [LON:WYG] WYG Plc share price was +37p at 53p



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