BAE launches bid for tank maker Alvis

British defence and aerospace group BAE Systems tonight launched a multi-million takeover battle for tank maker Alvis.

BAE launches bid for tank maker Alvis
Thu, 03 Jun, 2004 - 20:40

British defence and aerospace group BAE Systems tonight launched a multi-million takeover battle for tank maker Alvis.

BAE, which already owns a 29% stake in Alvis, said it had agreed the terms of a £335m (€500m) deal to buy the company.

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