May 15, 2017 / 7:08 AM / 7 months ago

SNC-Lavalin says won't raise offer for WS Atkins

LONDON (Reuters) - SNC-Lavalin (SNC.TO) will not raise its offer for British engineering and construction firm WS Atkins ATKW.L unless it faces a rival bid for the British firm, the Canadian construction and engineering group said on Monday.

SNC-Lavalin agreed to buy WS Atkins last month in an all-cash C$3.6 billion ($2.63 billion) deal, at a price of 2,080 pence per share.

    U.S. activist investor Elliott Capital Advisors bought a 6.8 percent in WS Atkins a day after the terms of the deal were announced.

    The offer will only be increased if a third party announces a possible or firm offer for WS Atkins, SNC-Lavalin said in a statement.

    Reporting by Carolyn Cohn; Editing by Rachel Armstrong

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