WSP Global Inc. (TSX:WSP) agreed to acquire Sweett Group plc (AIM:CSG) from a group of investors for £24 million on May 24, 2016. Under the terms of the deal, WSP Global Inc. will pay 35 pence per share as consideration. The deal is financed from WSP existing cash resources. The acquisition is to be effected by means of a court-sanctioned scheme of arrangement. Following completion of the deal, the executive Directors of Sweett, Douglas McCormick and Patrick Sinclair, will continue in their current roles in accordance with their existing employment arrangements. It is intended that the non-executive Directors of Sweett will step down from their positions following completion. Following completion, it is intended that the existing executive directors of Sweett, Douglas McCormick and Patrick Sinclair, will continue in their current roles in accordance with their existing employment arrangements. The existing employment rights, including pension rights and associated pension contribution levels, of the management and employees of Sweett will be fully safeguarded. WSP Global has received irrevocable undertakings to vote in favor of the scheme at the Court meeting and in favor of the resolution to be proposed at the General Meeting, in respect of 19.37 million Sweett shares, representing approximately 28.2% of the share capital of Sweett in issue on May 25, 2016. The holders of options of Sweett Shares will be invited to exercise those options conditionally upon Court sanction. The deal is subject to court approval, approval by 75% shareholders of Sweett, all authorizations from all appropriate third parties or from any persons or bodies with whom any member of the Wider WSP Group or any member of the Wider Sweett Group. The acquisition will lapse and the scheme will not if the European Commission initiates or makes a referral to a competent authority of the United Kingdom under Article 9(3)(b) of that Regulation or the acquisition or any matter arising from or relating to the acquisition is referred to the Competition Commission before the date of the Court Meeting. The Sweett Directors unanimously recommended that Sweett shareholders vote in favor of the scheme at the court meeting and in favor of the resolution to be proposed at the general meeting. The offer will lapse if the scheme does not become effective by August 31, 2016. The court meeting and shareholders meeting will be held on June 27, 2016 and Effective Date of the Scheme will be July 8, 2016. Currie & Brown Group Limited made an offer to acquire Sweett Group plc (AIM:CSG) from a group of investors for £28.8 million in cash on June 7, 2016. As on June 27, 2016, The board of Sweett Group withdraws its recommendation for offer and advised shareholders to take no action. Malcolm Strang of Opus Corporate Finance LLP acted as financial adviser to WSP in respect of the Offer. Gordon Anton, Jack Shepherd, Charlotte Williams and Iain Newman of Nabarro LLP acted as legal advisor to WSP in respect of the offer. Tom Griffiths and Ed Thomas of Stockdale Securities Limited acted as financial advisor and Pinsent Masons LLP acted as legal advisor to Sweett in respect of the offer. Billy Clegg and Georgia Mann of Camarco acted as PR advisors for Sweett. Capita Asset Services (UK) Ltd acted as transfer agent for Sweett Group.