Oct 22 (Reuters) - WorleyParsons Ltd (WOR) :
- ACQUISITION OF JACOBS' ECR DIVISION FOR AN ENTERPRISE VALUE OF US$3.3 BILLION
- DEAL FUNDED VIA A$2.9 BILLION ENTITLEMENT OFFER, A$985 MILLION STOCK ISSUED TO JACOBS AND NEW DEBT
- TRANSACTION IS EXPECTED TO COMPLETE IN FIRST HALF OF 2019
- EXPECTS RUN RATE COST SYNERGIES OF ABOUT A$130 MLN P.A., WHICH ARE EXPECTED TO BE ACHIEVED WITHIN TWO YEARS
- STOCK ISSUANCE TO JACOBS WILL BE AT A PRICE OF A$16.92 PER SHARE, WHICH IS EQUAL TO THEORETICAL EX RIGHTS PRICE
- ONE OFF COST SYNERGY IMPLEMENTATION COSTS ARE ESTIMATED TO BE ABOUT A$160 MLN
- DEAL EXPECTED TO DELIVER ABOUT 20% EPS ACCRETION ON AN FY18 PRO FORMA
- TO INCREASE INDIAN GLOBAL INTEGRATED DELIVERY CAPACITY BY ABOUT 3,000 STAFF
- FY2019 RESULTS WILL BE IMPACTED BY JACOBS ECR TRANSACTION, INCLUDING HOLDING EQUITY PROCEEDS UNTIL CLOSING
- WE EXPECT THIS YEAR'S INTERIM DIVIDEND PER SHARE TO BE NOT LESS THAN LAST YEAR'S INTERIM DIVIDEND
- DAR GROUP HAS COMMITTED TO TAKE UP ABOUT A$170 MILLION OF ITS ENTITLEMENTS THROUGH INSTITUTIONAL ENTITLEMENT OFFER
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$13.16 |
Change
0.055(0.42%) |
Mkt cap ! $6.778B | |||
| Open | High | Low | Value | Volume |
| $13.13 | $13.17 | $13.02 | $5.695M | 434.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 8429 | $13.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.16 | 3920 | 21 |
View Market Depth
| Last trade - 13.38pm 08/08/2025 (20 minute delay) ? |
| WOR (ASX) Chart |