pounds 375m offer expected for Amec
Monday 27 November 1995
The triangular bid moves surrounding Amec, the UK construction group, are expected to see the Norwegian group Kvaerner pitch in with an offer worth pounds 375m either today or tomorrow. The 100p bid for the ordinary shares would be at the same price as last week's dawn raid that netted Kvaerner 10 per cent of its target and is likely to be in cash. The move will force Amec to work hard to convince the City that its all-paper offer for rival contractor Alfred McAlpine, launched on Friday, makes sense. Amec's defence will argue that analysts' forecasts of pounds 25m profits for next year are too low and that overseas contracts have yet to show their potential.
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 'Help me I'm trapped in a factory' messages keep being found on bottles of vitamin water
- 3 Right to die: Belgian doctors rule depressed 24-year-old woman has right to end her life
- 4 Wimbledon 2015: Dustin Brown knocks Rafael Nadal out of the championship
- 5 Primark and Penny's heir Barry Ryan drowns trying to save his 21-year-old son
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Russell Brand condemns moment of silence for Tunisia attack victims as a 'minute of bulls**t'
Right to die: Belgian doctors rule depressed 24-year-old woman has right to end her life
Worker killed by robot at Volkswagen car factory
BP hit with record $18.7 billion fine over Deepwater Horizon Gulf oil spill
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...