UK's Ricardo soars on WSP Global takeover

Ricardo

11/06/2025 09:23

** Consulting firm Ricardo RCDO.L shares up 25.7% at 420.4p

** Stock on track for its biggest one-day pct gain since March 2020

** WSP Global WSP.TO to acquire co for an enterprise value of 363.1 million pounds ($488.99 million)

** WSP's acquisition values RCDO at about 281 million pounds

** Ricardo shareholders to receive 430p/shr

** Science Group SAGS.L, which holds about 21.8% of the voting rights in RCDO, said it supports WSP's offer and will sell a 20% stake to WSP for about 53.5 million pounds

** Science Group did not immediately respond to Reuters' request for comment

** YTD, RCDO down nearly 20%, including session's move

($1 = 0.7426 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))