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ACS expected to launch cash/paper bid for Abertis next week


Reuters

FRANKFURT/DUESSELDORF, Oct 12 (Reuters) - Spanish builder ACS will launch next week a cash-and-paper offer for toll road operator Abertis, sources said, complicating a rival bid by Italy'sAtlantia.

The sources said the offer was expected to be roughly half in cash and the rest in newly-issued shares in German construction group Hochtief, which is controlled by ACS.


FRANKFURT/DUESSELDORF, Oct 12 (Reuters) - Spanish builder ACS will launch next week a cash-and-paper offer for toll road operator Abertis, sources said, complicating a rival bid by Italy'sAtlantia.

The sources said the offer was expected to be roughly half in cash and the rest in newly-issued shares in German construction group Hochtief, which is controlled by ACS.




This article appears in: World Markets , Stocks , Economy
Referenced Symbols: ABE ,


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