BAA once again rejected a takeover bid by Grupo Ferrovial. The Spanish construction and services conglomerate, along with a consortium including Caisse de depot et placement du Quebec and GIC Special Investments, offered on Friday the same 810 pence per share that BAA rejected last month (ATWOnline, March 20). The "hostile" offer valued BAA at £8.75 billion ($15.3 billion). BAA, whose stock closed at 847 pence per share on Friday, was quick to recommend that its shareholders turn down ...

Subscribe to Access this Entire Article

"BAA nixes Ferrovial offer again" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.