BAA confirms Ferrovial rejection

UK airports operator BAA continued its defence against Spanish firm Ferrovial today by telling shareholders its £8.75bn (€12.7bn) takeover offer “cannot be taken seriously”.

Fri, 21 Apr, 2006 - 09:25

UK airports operator BAA continued its defence against Spanish firm Ferrovial today by telling shareholders its £8.75bn (€12.7bn) takeover offer “cannot be taken seriously”.

BAA was responding to last night’s announcement from Ferrovial that it had posted its takeover offer document to BAA investors.

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