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BAA on alert as hostile bid loomsBAA on alert as hostile bid looms
1-Mar-2006
UK. Australian bank Macquarie is the latest name tipped to join forces with Grupo Ferrovial to bid for UK airports group BAA. As DFNI went to press, reports in the UK press suggested that a joint deal could emerge "within days"
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Macquarie Airports, the airports arm of Macquarie bank, had been touted as a possible takeover partner, but the company has so far refused to comment. Other potential bidders or consortium
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(29-Mar-2006) - The Australian bank's subsidiary Macquarie Airports has the option to acquire Ferrovial's stakes in Sydney and Bristol airports if the BAA bid is successful
(25-Apr-2006) - BAA has rejected the latest takeover bid from Grupo Ferrovial, but the Spanish consortium may be heading into talks with the UK's Civil Aviation Authority regarding BAA's debt burden
(1-May-2006) - UK. Airports group BAA has recommended that shareholders reject Grupo Ferrovial's latest hostile takeover bid, which once again offered a price of 810 pence a share, valuing the company at £8.7bn ($15.3m)
(15-Apr-2006) - UK. The future ownership of BAA is in the balance following a hostile bid for the UK airports operator from a consortium led by Spain's Grupo Ferrovial. Last week the BAA board rebuffed a move from the consortium that valued the business at 810 pence a share, or about $15bn
(5-Jun-2006) - As the Spanish firm decides whether to make a higher bid for BAA, the Commonwealth Bank of Australia has joined the Goldman Sachs-led consortium bidding to buy the UK airports group