BBA buys US firm

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The Independent Online
BBA buys US firm

SHARES IN BBA closed up 14.5p at 345p after the aviation to materials technology group agreed to buy US aviation services networks company AMR Combs for $170m (pounds 100.6m). The transaction would be on a debt-free, cash- free basis and satisfied in cash out of existing resources. The group said it expected the acquisition to enhance earnings in the first full year. "Quite simply, it is a good deal which enhances its already strong aviation business," said Guy Hewitt, an engineering analyst at Charterhouse Tilney.

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