{"id":708786,"date":"2026-07-24T12:28:21","date_gmt":"2026-07-24T12:28:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/708786\/"},"modified":"2026-07-24T12:28:21","modified_gmt":"2026-07-24T12:28:21","slug":"arcadis-knocks-back-second-bid-offer-from-wsp","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/708786\/","title":{"rendered":"Arcadis knocks back second bid offer from WSP"},"content":{"rendered":"

The Dutch design and engineering group confirmed WSP returned with a revised indicative offer after an initial \u20ac48.5-a-share approach, first revealed yesterday, was unanimously rejected by Arcadis\u2019 executive and supervisory boards.<\/p>\n

The latest proposal, comprising cash and WSP shares, values Arcadis more highly at around \u20ac4.4bn (\u00a33.8bn) but remains unsolicited, conditional and non-binding.<\/p>\n

<\/a><\/p>\n

Arcadis said the first bid \u201cfundamentally undervalued\u201d the business and failed to address concerns over strategic fit, cultural compatibility, deal certainty and the interests of wider stakeholders.<\/p>\n

In a strongly worded response, the Arcadis board signalled it believed shareholders would be better served by backing the company\u2019s standalone growth plans. <\/p>\n

But it added the revised offer would be thoroughly reviewed with financial and legal advisers on behalf of shareholders before a firm decision was taken.<\/p>\n

<\/a><\/p>\n

Arcadis said recent trading had reinforced confidence in its strategy, with Q1 results showing improving operational momentum and progress on growth, margin improvement and cash generation.<\/p>\n

It added that the value expected from executing its medium-term strategy would be \u201csignificantly in excess\u201d of that reflected in WSP\u2019s latest proposal.<\/p>\n

The company is expected to provide a further update alongside its half-year results on 30 July, followed by a Capital Markets Day on 29 September where it plans to unveil refreshed medium-term targets.<\/p>\n

<\/a><\/p>\n

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