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Canada's SNC-Lavalin offers to buy WS Atkins for 2,080p/shr

Published 2017-04-03, 08:43 a/m
© Reuters.  Canada's SNC-Lavalin offers to buy WS Atkins for 2,080p/shr
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April 3 (Reuters) - Canada's SNC-Lavalin Group Inc SNC.TO has offered to buy British engineering and consultancy firm WS Atkins ATKW.L for 2,080 pence per share, Atkins said on Monday.

The all-cash offer represents 35 percent premium to Atkins' Friday close at 1,540 pence.

"The board of Atkins has indicated to SNC-Lavalin that the possible offer would deliver value to Atkins shareholders at a level that the Board would be prepared to recommend, subject to reaching agreement on the other terms and conditions of the offer," Atkins said in a statement.

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