The Boards of Directors of both companies have unanimously approved the deal. Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction. Layne shareholders will get a fixed exchange ratio of 0.270 Granite shares for each share of Layne common stock they own, which represents US$17 per Layne share or a premium of 33%. The deal is is expected to be finalised in the second quarter of 2018
The Boards of Directors of both companies have unanimously approved the deal. Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction. Layne shareholders will get...
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