BAA's board accepted Ferrovial Group's increased bid for the airports company early Tuesday and is recommending that shareholders approve the Spanish firm's takeover by a June 26 deadline. Ferrovial's earlier bids were dismissed by the operator of London Gatwick, Stansted and Heathrow airports as "on the cheap" (ATWOnline, May 29), but a revised, final bid of £10.1 billion ($19 billion), up from an original bid of £8.75 billion, "represents an attractive price," BAA said in a ...

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