WSP Global has submitted a revised non-binding indicative proposal to acquire all outstanding shares of Arcadis N.V. for EUR 51.50 per share, representing a 45.8% premium over Arcadis' unaffected closing price on July 22. The offer, which follows a rejected initial bid of EUR 48.50 per share on July 1, would be approximately half cash and half WSP shares, with Arcadis shareholders able to elect their preferred consideration. WSP expects the combination to be high single-digit percentage accretive before synergies and mid-teens percentage accretive once synergies are realized, and it highlights complementary geographic and capability benefits. The proposal is not contingent on financing, and WSP has invited Arcadis' boards to engage in discussions toward a friendly recommended transaction.
Arcadis N.V.WSP's improved offer at EUR 51.50 per share represents a 45.8% premium, providing a significant upside for Arcadis shareholders.
WSP expects the acquisition to be accretive to earnings, with mid-teens accretion after synergies, and the deal is not contingent on financing.