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Spectacular Scott Wilson bidding war set to trigger further deals

James Dark
09 July 2010
 

The battle between US consultancies URS Corporation and CH2M Hill to buy Scott Wilson at the end of June produced a spectacular bidding war. It was concluded with URS securing the deal with a £223m cash offer, representing a huge 218% premium on Scott Wilson’s 91p share price prior to talks starting.

The initial URS offer of 210p/share, itself a 130% premium, was worth £161m. On June 28, the Scott Wilson board recommended it unequivocally, stating that it reflected the...

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