BAA rejects pound;9.4bn Goldman Sachs offer

摘要

UK airport operator BAA formally rejected a pound;9.4bn takeover approach from a consortium led by investment bank Goldman Sachs on Tuesday, writes Angela Monaghan. In a statement to the stock exchange, BAA, one of the construction industry's biggest clients, said: 'The board rejected this approach because it clearly fails to reflect the true value of the company. Since then, BAA has received no further communication from the consortium."