BAA, facing a potential hostile takeover as well as a possible government inquiry into whether its control of seven UK airports creates a fair market for airlines and passengers (ATWOnline, May 26), is pushing back and warning shareholders that Ferrovial Group's £8.75 billion ($16.41 billion) bid greatly undervalues the company. The Spanish firm, meanwhile, said it will cooperate fully with any probe into BAA's alleged "monopoly" status should it successfully acquire the airport ...

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