Tetra Tech acquires RPS Group for 222p/share (~£636M) in recommended cash offer

TETRA TECH INC

Acquiring RPS Group plc for 222 pence per share in cash, valuing RPS at approximately £636 million.
Price represents a 7.8% premium over the competing WSP offer of 206p per share.
Entered a £714M + $350M bridge loan facility with Bank of America to finance the acquisition.
Received irrevocable undertakings from shareholders representing 27.53% of RPS issued share capital to support the deal.
Acquisition expected to be mid-to-high teen percent accretive to Tetra Tech's adjusted EPS after realizing £21M in cost synergies.

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