WSP Global submitted an initial offer of €48.50 per share for all Arcadis shares, unanimously rejected by the board as too low and lacking clarity on integration into the Canadian firm’s structure and vision; a revised bid of €51.50 per share has since been received. Arcadis labelled the approach “unwanted” but said it will study it carefully, maintaining that standalone operation serves shareholders better. The Amsterdam-listed firm provides design and advisory services for construction, water and environment projects, employing over 34,000 people across more than thirty countries.