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Engineering consultant to be gobbled up by Japanese firm CTI
Thursday 11 May 2017 Author: Daniel Coatsworth

Small cap engineering consultancy Waterman (WTM) has received a 140p per share takeover offer, representing an 83% premium to the market price on the night before the news. The offer has come from Japanese consultant CTI which will fund the deal out of its existing cash pile. The deal, which values Waterman at £43m, is CTI’s first acquisition outside of Japan.

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