Oct 22 (Reuters) - WorleyParsons Ltd WOR.AX :
* ACQUISITION OF JACOBS' ECR DIVISION FOR AN ENTERPRISE VALUE OF US$3.3 BILLION
* DEAL FUNDED VIA A$2.9 BILLION ENTITLEMENT OFFER, A$985 MILLION STOCK ISSUED TO JACOBS AND NEW DEBT
* TRANSACTION IS EXPECTED TO COMPLETE IN FIRST HALF OF 2019
* EXPECTS RUN RATE COST SYNERGIES OF ABOUT A$130 MLN P.A., WHICH ARE EXPECTED TO BE ACHIEVED WITHIN TWO YEARS
* STOCK ISSUANCE TO JACOBS WILL BE AT A PRICE OF A$16.92 PER SHARE, WHICH IS EQUAL TO THEORETICAL EX RIGHTS PRICE
* ONE OFF COST SYNERGY IMPLEMENTATION COSTS ARE ESTIMATED TO BE ABOUT A$160 MLN
* DEAL EXPECTED TO DELIVER ABOUT 20% EPS ACCRETION ON AN FY18 PRO FORMA
* TO INCREASE INDIAN GLOBAL INTEGRATED DELIVERY CAPACITY BY ABOUT 3,000 STAFF
* FY2019 RESULTS WILL BE IMPACTED BY JACOBS ECR TRANSACTION, INCLUDING HOLDING EQUITY PROCEEDS UNTIL CLOSING
* WE EXPECT THIS YEAR'S INTERIM DIVIDEND PER SHARE TO BE NOT LESS THAN LAST YEAR'S INTERIM DIVIDEND
* DAR GROUP HAS COMMITTED TO TAKE UP ABOUT A$170 MILLION OF ITS ENTITLEMENTS THROUGH INSTITUTIONAL ENTITLEMENT OFFER