BAA offer
25 April 2008
UK: The Board of BAA has recommended a takeover offer from a consortium led by Spanish contractor Ferrovial to its shareholders. The group will pay UK£ 9.5025 (US$ 17.86) per share for BAA, which operates seven UK airports including London's Heathrow, Gatwick and Stanstead. The offer values BAA at UK£ 10.1 billion (US$ 19 billion), and comprises a cash offer of UK£ 9.35 (US$ 17.57) per share, plus a dividend of UK£ 0.1525 (US$ 0.29) per share, declared on May 16.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
Neil Gerrard
Senior Editor, Editorial, UK - Wadhurst
Tel: +44 (0) 7355 092 771
E-mail: [email protected]
Catrin Jones
Deputy Editor, Editorial, UK – Wadhurst
Tel: +44 (0) 791 2298 133
E-mail: [email protected]