Having received revised merger terms from Carillion (LSE: CLLN) yesterday, management at Balfour Beatty (LSE: BBY) wasted no time in consulting with its major shareholders and have rejected the takeover proposal for the third time.
LONDON (Alliance News) - Balfour Beatty PLC early Wednesday closed the door on a proposed merger with Carillion PLC, stating that Carillion's revised proposal late Tuesday failed to address two key concerns that it raised last week.
iNVEZZ.com, Monday, August 11: Balfour Beatty (LON:BBY) has rejected a second merger proposal from Carillion Plc (LON:CLLN), just weeks after the construction group declined the initial �3 billion offer for a tie-up between the two companies.
Director Deals - Balfour Beatty PLC (BBY). 12 August 2014 | 15:55pm. StockMarketWire.com - Duncan Magrath, Financial Director, bought 51 shares in the company on the 11th August 2014 at a price of 244.40p.