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BAA urges shareholder approval of Ferrovial's revised 'attractive' takeover bid

BAA's board accepted Ferrovial Group's increased bid for the airports company early Tuesday and is recommending that shareholders approve the Spanish firm's takeover by a June 26 deadline.

Ferrovial's earlier bids were dismissed by the operator of London Gatwick, Stansted and Heathrow airports as "on the cheap" (ATWOnline, May 29), but a revised, final bid of £10.1 billion ($19 billion), up from an original bid of £8.75 billion, "represents an attractive price," BAA said in a statement.


 

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To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.