BRIEF-Snc-Lavalin confirms its approach to buy WS Atkins for 2,080 pence per share
April 3 Snc-Lavalin Group Inc:
* Snc-Lavalin confirms that it has made an approach to WS Atkins
* A transaction would value WS Atkins at approximately $3.5 billion
* Confirms it has made approach to buy entire issued & to be issued share capital of Atkins at 2,080 pence per WS Atkins share in cash
* Confirms that it is currently in discussions with WS Atkins
* If transaction was to proceed, it is currently contemplated that up to $1.9 billion will come from Caisse de dépôt et placement du Québec
* Does not currently expect total equity portion of financing, including any equity from CDPQ, to exceed one third of total consideration
* Will have right to reduce offer price by dividend amount paid/becomes payable by WS Atkins to WS Atkins shareholders before completion of deal Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)