WSP mulls offer from HDS, could go private
Dec 13, 2011 | 04:15 PM
| Michael Cowden
TORONTO WSP Holdings Ltd. is considering a non-binding offer from HDS Investments LLC, which has expressed an interest in buying the steel tube and pipe maker and taking it private, WSP said Tuesday.
HDS Investments told WSPs board that it would pay 60 cents apiece in cash for all of WSPs American depository shares, a 50-percent premium to its most recent New York Stock Exchange closing price of 40 cents per share. HDS would fund the proposed deal with its own capital, it said in a letter to WSPs board dated Nov. 28.....
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