WSP pushes ahead with Arcadis takeover bid
Canada WSP Global plans to submit an Arcadis takeover offer memorandum to Dutch regulators by October 15. Arcadis previously rejected an improved proposal valuing the company at 5.4 billion euros, stating it undervalued the business.
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WSP Global will press ahead with its acquisition bid for Arcadis after two previous approaches were rebuffed by the Netherlands engineering firm. The Canadian buyer plans to submit an offer memorandum to Dutch regulators by October 15. The move escalates a cross-border pursuit that previously valued the target at 5.4 billion euros ($6.3 billion), including debt.
