Construction giant Balfour Beatty has rejected a third takeover bid from rival Carillion saying its position on the merger had remained 'unchanged' from earlier in the week.
Carillion attempted to sweeten its takeover offer for rival Balfour Beatty, arguing there is ‘powerful strategic logic’ in a merger. The company yesterday announced a 5% rise in pre-tax profits for the six months to the end of June to £67.5m, compared with £64.2m a year earlier. According to Carillion, a merger would save both…
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