Arcadis knocks back second bid offer from WSP

Arcadis has rebuffed a second takeover approach from Canadian engineering giant WSP today, insisting an improved €51.5-a-share proposal still falls well short of the consultant’s true value.
The Dutch design and engineering group confirmed WSP returned with a revised indicative offer after an initial €48.5-a-share approach, first revealed yesterday, was unanimously rejected by Arcadis’ executive and supervisory boards.
The latest proposal, comprising cash and WSP shares, va