The date for the special meeting of CH2M shareholders to decide whether to merge with consultant Jacobs has been set for next month.
The meeting at 10am on 13 December at CH2M’s headquarters in Colorado will ask shareholders to vote on the proposals to merge with the rival US firm in a £2.15bn deal.
Before the date for the meeting could be announced, Jacobs had to gain approval from regulatory body the Securities and Exchange Commission (SEC) which guards against fraud. Approval was given by SEC on 9 November allowing the company to set a date.
The CH2M board of directors wrote to its shareholders at the end of September urging them to vote in favour of the merger.
In the deal Jacobs will acquire all of CH2M’s outstanding shares in a 60% cash and 40% stock transaction. The overall deal has an enterprise value - the measurement of CH2M’s total value - of around £2.47bn ($3.27bn), which includes approximately £315M ($416M) of CH2M net debt.
The news of the mega merger was broken in early August and if successful will see Jacobs grow by an estimated 20,000 to 74,000 staff, making it one of the world’s largest engineering consultants.