Arcadis beats Nippon Koei to get Hyder

摘要

Arcadis has agreed to buy UK-based engineer Hyder Consulting for UK£ 288 million (US$ 489 million). The Dutch company had to increase its initial offer following a rival bid from Japan's Nippon Koei. Hyder's Board has recommended the increased offer to shareholders. The end of July saw Arcadis offer UK£ 6.50 (US$ 11.00) per share for Hyder, valuing it UK£ 256 million(US$ 435 million). This was topped just over a week later when Nippon Koei came in with a UK£ 6.80 (US$ 11.56) per share offer. Arcadis has now come back to the table with a UK£ 7.30 (US$ 12.41) per share offer, which values Hyder at UK£ 288 million (US$ 489 million), a more than +12% increase on its original bid, or an additional UK£ 32 million (USS 54 million).