Arcadis Shares Fall After WSP Ends Takeover Bid
Shares of Arcadis fell 7 percent after Canadian peer WSP Global dropped its takeover pursuit. WSP stated there was no path forward without board support, while Arcadis defended rejecting the undervalued offers.
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ARCADIS NV shares fell 7% on Wednesday morning after WSP GLOBAL INC ended its takeover pursuit. The breakdown follows months of negotiations between the Netherlands-based consultancy and its Canada-based peer. Investors face an immediate valuation reset as the prospect of a premium-priced buyout evaporates from the market.
