The revised offer of €51.50 per share in cash and WSP stock was deemed by Arcadis’ boards to fall short of the company’s long-term value, following a first bid of €48.50 per share rejected days earlier. Arcadis is reviewing the non-binding, conditional proposal with advisers but remains committed to its independent strategy, citing Q1 2026 operational progress and a plan to accelerate organic growth, improve margins, and strengthen cash generation.
The formal rejection and detailed board reasoning confirm and expand on the earlier report of the two unsolicited bids.