India, July 24 -- Friday, WSP Global Inc. (WSP.TO) confirmed that it has made an indicative proposal to the Executive Board and Supervisory Board of Arcadis N.V., recommending public offer for the entire issued and outstanding ordinary share capital of Arcadis for a consideration of 51.50 euros per ordinary share.
This comes as WSP submitted an initial non-binding indicative proposal to acquire Arcadis for 48.50 euros per share in cash, which was rejected by Arcadis on July 14.
Under the recent proposal, the consideration would be approximately half cash and half WSP shares overall, and Arcadis shareholders would have the ability to select their preferred option.
The engineering and professional services consulting firm believes that the...