Laings Ends Takeover Talks
Manchester Evening News
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London (UK):
Civil engineering firm John Laing said today it was no longer the subject of a takeover approach after it ended talks with a mystery suitor. The London-based company, which runs Chiltern Railways and builds schools, hospitals and roads, said discussions with the unnamed company came to an end because Laing did not feel it was in the interests of shareholders to prolong the discussions.
When the approach was announced on December 2, Laing's share price shot up 23 per cent, or 68p to 361p - its highest price since mid 2001, valuing the company at around £800m.Reports suggested the interested company was the Australian bank Macquarie, which has made a takeover approach for the London Stock Exchange.
Dec 15, 2005
Manchester Evening News
____________________
London (UK):
Civil engineering firm John Laing said today it was no longer the subject of a takeover approach after it ended talks with a mystery suitor. The London-based company, which runs Chiltern Railways and builds schools, hospitals and roads, said discussions with the unnamed company came to an end because Laing did not feel it was in the interests of shareholders to prolong the discussions.
When the approach was announced on December 2, Laing's share price shot up 23 per cent, or 68p to 361p - its highest price since mid 2001, valuing the company at around £800m.Reports suggested the interested company was the Australian bank Macquarie, which has made a takeover approach for the London Stock Exchange.
Dec 15, 2005
