Airport operator reiterates its warning to shareholders to reject an 拢8.75bn takeover approach by Spanish contractor, after its takeover offer was officially posted last night.
UK airports operator BAA has repeated its warning to shareholders to reject an 拢8.75bn takeover approach by Ferrovial, after the Spanish company officially posted its takeover offer document last night.
Ferrovial last night sent out an offer document to shareholders, setting in motion a 60-day timetable for the bid process. BAA has 14 days to respond officially to the bid.
BAA chairman Marcus Agius said: "The Ferrovial Consortium's offer cannot be taken seriously. It is no more than a tactical manoeuvre and our shareholders should have nothing to do with it."
