WSP Global Continues Pursuit of Deal to Acquire Dutch Engineering Firm Arcadis
WSP says the deal would expand its global platform and reach more than 50 countries as it prepares a required offer memorandum.
- On Thursday, WSP Global Inc. reconfirmed its intention to acquire Arcadis after the Dutch firm rejected two previous bids valued at up to $6.3 billion.
- Arcadis opposed both previous bids, claiming they undervalued the company, while the boards have not yet engaged with WSP regarding the proposed combination.
- Stichting Lovinklaan, an employee foundation holding 19% of shares, does not intend to support the takeover, while Arcadis' share price jumped to around €44 since the attempt was announced.
- WSP intends to submit an offer memorandum to the Dutch Authority for the Financial Markets for review and approval by October 15, 2026.
- KBC Securities analyst Kristof Samoy noted WSP's options appear limited by Dutch anti-takeover 'poison pill' mechanisms, adding that only a proposal of €60 per share stands a chance.
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Canadian WSP Global has not yet given up its attempts to acquire Arcadis and thereby form the world's largest engineering firm. To do so, it must convince not only other shareholders but also the employees of Arcadis themselves, who are major shareholders through a foundation. That makes it a tough but remarkable takeover battle.
Canadian engineering firm WSP has taken a new step to acquire Dutch competitor Arcadis. Arcadis executive Heather Polinsky called...
The Toronto Star
WSP Global continues pursuit of deal to acquire Dutch engineering firm Arcadis
MONTREAL - WSP Global Inc. is continuing its pursuit of Dutch engineering firm Arcadis NV even after its latest offer worth about $7.5 billion was rejected last month for being too low.
WSP Global is continuing its efforts to purchase the Dutch engineering company Arcadis NV, even after last month's rejection of its last offer of approximately 7.5 billion, which was considered too low.
Arcadis should no longer keep the door closed to Canadian competitor WSP Global and enter into talks with the company about an acquisition. This is the opinion of the Dutch Securities and Exchange Commission (VEB), it reports to BNR. Arcadis rejected two bids from WSP last month, but the Canadian company announced today that it is still interested in acquiring Arcadis.
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