UK engineering firm WS Atkins and Canada's WSP Global are vying for control of Balfour Beatty's U.S. engineering and design business Parsons Brinckerhoff, according to the Sunday Telegraph. Balfour broke off merger talks with Carillion after Carillion insisted Balfour cancel the planned sale of its U.S. unit and keep it within the merged company.WS Atkins and WSP Global are also understood to be competing with two unnamed private equity firms for the business, the paper said, citing unnamed sources.The paper added that the bidding process, being run by Goldman Sachs, is in the second round and that sources suggest one of the two trade buyers was more likely to win.WS Atkins declined to comment, and WSP was not immediately available on Sunday morning.
WSP Global Inc. is a professional services firm, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines, from designing zero-carbon cities to project managing large-scale infrastructure projects. Shares of WSP fell by 2.52% or $-0.92/share to $35.63. In the past year, the shares have traded as low as $30.61 and as high as $39.50. On average, 92848 shares of WSP.TO exchange hands on a given day and today's volume is recorded at 93636.
Source
