- IBI Group (IBG) has closed its plan of arrangement transaction
- Under the arrangement, Arcadis N.V., through two wholly-owned subsidiaries, acquired all of the issued and outstanding common shares as well as the Class B units of IBI Group
- The acquisition was done for cash consideration of C$19.50 per common share or Class B unit, as the case may be
- Following the completion of the transaction, the common shares are expected to be delisted from the TSX within three business days following the closing of the transaction
- IBI Group Inc. is a technology-driven design firm with global architecture, engineering, planning, and technology expertise
- For nearly 50 years, its dedicated professionals have helped clients create livable, sustainable, and advanced urban environments
- IBI Group Inc. was unchanged at $19.48 at 10:52 AM ET
IBI Group (IBG) has closed a plan of arrangement transaction.
Under the arrangement, Arcadis N.V., through two wholly-owned subsidiaries, acquired all of the issued and outstanding common shares as well as the Class B units of IBI Group.
The acquisition was done for cash consideration of C$19.50 per common share or Class B unit, as the case may be.
Following the completion of the transaction, the common shares are expected to be delisted from the Toronto Stock Exchange within three business days following closing.
On July 18, 2022, Arcadis and IBI jointly announced that they had entered an agreement for Arcadis to acquire IBI.
IBI Group Inc. is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning more than 60 offices and 3,500 professionals around the world.
IBI Group Inc. was unchanged at $19.48 at 10:52 AM ET.