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News: Issue 529 25 Sep 2009

Is Balfour Beatty’s acquisition of Parsons Brinckerhoff a done deal?

There has been some scepticism over whether PB employees will approve the Balfour Beatty takeover. The windfall they would receive looks attractive, but doubts have been expressed over whether it will be significant enough to gain the 75% approval needed from employee shareholders, especially given that it could relate largely to shares held in pension funds. And whatever assurances have been given by Balfour on future staff levels, the pressures on a Stock Market listed company are of a...

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