Babcock has Eye for Nuclear Contracts with Alstec Deal Deal of the Week: Energy Needs Pounds-45m Acquisition Gives Firm Stronger Foothold in Bidding for Atomic Overhaul Work
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BABCOCK'S future as an independent company was assured at least for the time being by its pounds-45 million acquisition last week of nuclear and airports support firm Alstec, according to analysts.
The company was facing a takeover bid from British Aerospace (BAE) and VT Group, which chairman Gordon Campbell said undervalued Babcock.See the full content of this document
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Babcock has Eye for Nuclear Contracts with Alstec Deal Deal of the Week: Energy Needs Pounds-45m Acquisition Gives Firm Stronger Foothold in Bidding for Atomic Overhaul Work
"I don't think there is anyone else waiting with an offer, " said Andrew Gollam, an analyst with Numis Securities. "I think Babcock will manage very well as a standalone." A Babcock spokesman said that the Alstec deal was not done in order to discourage BAE. "That was Babcoc...
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