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WSP Global withdraws takeover offer for Arcadis

WSP Global said it is no longer pursuing a public offer for Arcadis after failing to get the company to the negotiating table; it had dropped a roughly $5 billion bid.

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WSP Global said it is no longer pursuing a public offer for Arcadis after failing to get the Dutch engineering consultancy to the negotiating table. The Canadian engineering and infrastructure company had been pursuing a roughly $5 billion takeover bid for Arcadis.