Summary
A SURPRISE Pounds 2.5 billion-plus bid battle for Associated British Ports broke out today.
As the UK's largest ports operator agreed a Pounds 2.5 billion takeover offer from a consortium made up of a Canadian pension fund, the Singapore government, Goldman Sachs and part of the Prudential, it flushed out a potential counterbidder in the shape of a consortium including Australia's Macquarie and UK venture capital giant 3i.See the full content of this document
Extract
Pounds 2.5bn Bid Battle for Ab Ports Under Way
The long-awaited bid from the consortium, called Admiral, is at the expected 810p but Dresdner Kleinwort Wasserstein qu...
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