SEARCH IN BRIEF

 
WS Atkins buyout will create a global ‘champion’

Shares in WS Atkins rose by more than 5% on Friday after SNC-Lavalin finalised a deal to buy the British engineering consultancy for £2.1bn.

SNC-Lavalin will pay £20.80 for each Atkins share. This is a 35% premium on the closing price on March 31 which was the last day before talks between the two companies were announced.

Stephen Rawlinson, director of UK advisory Applied Value said: “There is no doubt that SNC-Lavalin are buying a good business in which most of the heavy lifting has been done and which is operating in favourable markets.”  

The deal is expected to close by September, and is being funded by a combination of equity and debt.

IN BRIEF
Monday 24 April 2017
David Chipperfield Architects Works 2018
Mon 05 Feb 2018
Darling Associates expands leadership
Tue 16 Jan 2018
Woods Bagot Announces New China Head
Wed 03 Jan 2018
University of Bristol appoints Schmidt Hammer Lassen Architects, Hawkins\Brown, and BuroHappold for new University Library
Mon 11 Dec 2017
AIA|LA announce winners of 2017 student awards competition
Thu 23 Nov 2017
NaCSBA says Right to Build in UK holds key to delivery of quality homes
Thu 23 Nov 2017
Uber orders 24,000 driverless Volvo cars
Tue 21 Nov 2017
Oakland A’s hire four firms to lead new ballpark design process
Fri 17 Nov 2017