Spanish Bid Fever Sends Baa Flying to New Highs ; Market Report
Evening Standard - London › February 09, 2006
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Summary
HEATHROW and Gatwick airports operator BAA was hitting new highs today with a jump of 281/2p at 781p as brokers began revaluing the shares in the wake of yesterday's bid approach from Grupo Ferrovial.
Broker Merrill Lynch has raised its 12-month price target from 690p to 850p and pitched the value of any bid that might be made at between 830p and 960p a share.See the full content of this document
Extract
Spanish Bid Fever Sends Baa Flying to New Highs ; Market Report
Merrill reckons a bidder for BAA could flog off assets outside the regulated business, such as World Duty Free and the APP property joint venture.
Meanwhile, US b...See the full content of this document
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