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LONDON - Ricardo PLC announced Tuesday that the High Court of Justice in England and Wales has sanctioned the scheme of arrangement for its acquisition by WSP Group Limited, a wholly-owned subsidiary of WSP Global Inc.
The court approval marks one of the final steps in the £282 million cash acquisition first announced on June 11, 2025. According to the announcement, the scheme will become effective upon delivery of the court order to the Registrar of Companies, expected to occur on October 9.
Trading in Ricardo shares on the London Stock Exchange is scheduled to be suspended from 7:30 a.m. on October 9, with the listing expected to be canceled the following day.
The acquisition received necessary shareholder approvals at meetings held on July 15, while regulatory clearances from Saudi Arabia, Australia, and the United Kingdom were obtained by early September.
Under the terms of the deal, WSP UK will acquire the entire issued and to be issued share capital of Ricardo, a global engineering and environmental consultancy.
The announcement noted that the financial terms of the acquisition are final and will not be increased except under specific circumstances, such as a competing offer from a third party.
Ricardo shares will cease trading on the London Stock Exchange’s Main Market on October 8, with the scheme record time set for 6:00 p.m. the same day.
The announcement was based on a press release statement issued by Ricardo PLC.
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