Slaughter and May is advising WS Atkins plc on a recommended cash offer by SNC-Lavalin
Slaughter and May is advising WS Atkins plc on a recommended cash offer for Atkins’ entire issued and to be issued share capital by SNC-Lavalin. The offer was announced on 20 April 2017.
Under the offer, each Atkins shareholder will be entitled to receive 2,080 pence in cash for each Atkins share. The offer values Atkins’ issued and to be issued share capital at approximately £2.1 billion. The transaction is to be effected by court-sanctioned scheme of arrangement and is expected to complete in Q3 2017.
Atkins is one of the world’s most respected design, engineering and project management consultancies. SNC-Lavalin is a leading global engineering and construction group and a major player in the ownership of infrastructure.