Overview
- Arcadis said on Friday that it received a second unsolicited, conditional and non‑binding proposal from WSP at €51.5 per share in a mix of cash and WSP stock.
- The firm disclosed it had earlier and unanimously rejected a first WSP proposal of €48.5 per share as undervaluing Arcadis and raising concerns about strategic fit and stakeholder protections.
- Arcadis’ Executive Board and Supervisory Board are actively reviewing the revised offer with financial and legal advisers and have made no decision.
- Trading in Arcadis shares jumped roughly 9.5 percent and was temporarily halted after takeover interest surfaced, and WSP has declined to comment beyond saying it does not answer speculation.
- A roughly 18 percent employee‑led shareholder, Lovinklaan, and concerns over jobs, skills safeguards and cultural fit remain potential obstacles that any bidder would need to address.