VT rejects new Babcock takeover approach

VT Group continued to resist takeover interest today after rival Babcock International upped its offer for the services firm to more than £1.2bn (€1.4bn).

VT Group continued to resist takeover interest today after rival Babcock International upped its offer for the services firm to more than £1.2bn (€1.4bn).

The cash-and-shares approach from Babcock significantly undervalues VT and its prospects, the former Vosper Thornycroft business said.

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