BAA BOARD REBUFFS FERROVIAL'S $15.5 BILLION TAKEOVER OFFER
U.K. airport operator BAA rejected a GBP8.8 billion ($15.5 billion) purchase offer from Spanish investment giant Ferrovial, making a hostile takeover campaign by Ferrovial increasingly likely. The BAA board confirmed it received a cash offer from a consortium led by Ferrovial. But after reviewing...
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