BBA buys US firm

Wednesday 16 December 1998 00:02 GMT

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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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