Watpac shareholders vote on BESIX proposal

Company News

by Rachael Jones

Construction and mining services company Watpac (ASX:WTP) shareholders were today asked to vote on a proposed scheme of arrangement under which the BESIX Group would acquire 50 per cent of shares.

The Watpac Shares held by each shareholder have a cash consideration of $0.92 per Scheme Share.

In order for the resolution to be passed at least 75 per cent of the total number of votes cast on the resolution at the meeting by Watpac must be agreed on.

Shares in Watpac (ASX:WTP) last traded on 6 June 2018 at 79 cents
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.