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Arcadis Rejects WSP’s Second Takeover Offer and Agrees to Buy SATEL

Arcadis logoArcadis
Sig3.65Sen+2.35Env+1.15Soc+0.65Gov+1.45
WSP Global logoWSP Global
Sig2.35Sen-2.90Env0.00Soc0.00Gov0.00

Arcadis unanimously rejected WSP’s revised €51.50-per-share takeover proposal and an earlier €48.50 offer, saying both were unsolicited, conditional and non-binding. The company also agreed to acquire Spain-based SATEL, a power design and engineering specialist with 250 employees, expanding its presence in Iberia. Arcadis additionally invested in Nomic and formed a long-term partnership.

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