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| Ferrovial and Partners Has Acquired Shares in BAA The boards of Airport Development and Investment Limited (ADI) and BAA plc (BAA) announced the terms of a recommended final offer for ADI to acquire the entire issued and to be issued share capital of BAA and recommended final offers for ADI to acquire all of the outstanding BAA Convertible Bonds. ADI, a consortium Ferrovial has formed with Canada's Caisse de depot et placement du Quebec and Singapore's GIC Special Investments Pte Ltd, confirms that it has purchased 150 million shares in BAA plc at 950.25 pence per share cum dividend, representing approximately 13.9 per cent. of BAA's issued ordinary share capital. The ordinary recommended final offer values BAAs existing issued share capital at approximately £10.11 billion. BAA shareholders are urged to accept the recommended final offer as soon as possible and, in any event, by no later than 1.00pm (London time) on 26 June 2006. write your comments about the article :: © 2006 Construction News :: home page |