WorleyParsons completes retail entitlement offer

Company News

by Anna Napoli

WorleyParsons (ASX:WOR) has announced the successful completion of the retail component of its Entitlement offer.

The offer is being undertaken to fund the acquisition of Jacobs Engineering Group's Energy, Chemical and Resources division.

Funds raised from the retail offer totalled about $1.1 billion at $15.56 per share.

Together with the institutional component of the offer, the total amount raised is around $2.9 billion.

New shares under the retail offer will rank equally in all respects with existing shares.

Shares in WorleyParsons (ASX:WOR) are trading 1.18 per cent lower to $15.04.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.