Analysts believe Arcadis has scored a "technical knockout" in its bidding war with Japanese rival Nippon Koei to acquire UK consultant Hyder. Arcadis announced last week it had agreed an improved offer to acquire Hyder, trumping a deal agreed between the UK firm and Japanese consultant Nippon Koei earlier this month. Arcadis is offering £7.30 per Hyder share, valuing the firm at £288m, which is a 7.4% premium over Nippon Koei's deal to acquire Hyder for £268m. The offer is 13% above Arcadis' original deal for a £256m takeover. Arcadis also announced it has acquired 15.6% of Hyder's shares and has confirmation from all of Hyder's directors and chief executive Ivor Catto's wife that they intend to sell their shares to Arcadis, representing a further 0.7% of Hyder's shares.
展开▼
