WYG: Tetra Tech to buy WYG to expand U.K. operations

Engineering services company Tetra Tech Inc. has offered to buy British company WYG plc for about $55 million cash as part of plans to expand its U.K. operations. Pasadena, California-based Tetra Tech (Nasdaq: TTEK) said it plans to buy WYG (LSE: WYG), a consulting and engineering company focused on water, environment and infrastructure, for 55 pence (70 cents) per share. WYG said the offer represents a 244 percent premium above Friday's closing stock price. The company's board has unanimously...