Developer John Laing Recommends 'Attractive' Takeover by Fund Manager

Western Mail › September 20, 2006

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Summary

Pfi and infrastructure specialist John Laing yesterday said it had backed a takeover proposal valuing its business at more than pounds 800m.

The offer from London fund management group Henderson represents a 29% premium on the Laing share price, prior to the news last week that it had received a takeover approach from an undisclosed party.

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Extract

Developer John Laing Recommends 'Attractive' Takeover by Fund Manager

Henderson has offered 355p a share - valuing Laing at pounds 832.6m - and will also pay the interim dividend announced by...

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