There could be scope for further improved bids in the takeover battle for engineering professional services firm RPS (LON: RPS). It has strong positions in niche markets in the UK and some other countries and provides an attractive way of enlarging international exposure for the bidders.
WSP initially bid 206p a share for RPS and this was recommended by the company in August. Tetra Tech has come in with a higher bid of 222p a share and the recommendation of the WSP bid has been withdrawn. Toronto-based WSP is considering its options.
Tetra Tech is listed on Nasdaq and provides co...
