Summary
Airports operator BAA yesterday insisted it would not be sold "on the cheap" after rejecting a new offer worth pounds 9.73 billion from Spanish firm Ferrovial.
The proposal, which added almost pounds 1 billion to the value of Ferrovial's approach, was seen by one analyst as close to success as 900p a share matched many of the valuations in the market.See the full content of this document
Extract
Baa 'Won't Be Sold Cheap'
BAA believes it is worth at least 940p a share and rejected the latest approach from Ferrovial after a board meeting.
Chairman Marcus Agius said the boar...See the full content of this document
Sponsored links
