BAA Exaggerating Own Value In Bid Rejection, Ferrovial Says
Ferrovial yesterday accused U.K. airport operator BAA of overvaluing its worth, after BAA's board once again rejected an increased takeover offer from Ferrovial. Ferrovial boosted its offer from 840 pence per share to 900 pence, valuing the company at GBP9.7 billion (US$18.3 billion). However, BAA...
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