MARKETS

WorleyParsons capital raise underway ahead of takeover

WORLEYPARSONS has today launched its fully underwritten Retail Entitlement Offer, part of the company's plan to raise capital for its proposed US$3.3 billion (A$4.6 billion) acquisition of US-based Jacobs Engineering Group's energy, chemical and resources division, Jacobs ECR.

WorleyParsons capital raise underway ahead of takeover

    The company is seeking to raise $2.9 billion in total through the capital raise which will offer shareholders a 1 for 1.47 pro-rata accelerated non-renounceable entitlements at an offer price of...

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