Carillion Responds to Balfour Beatty Merger Withdrawal

By Admin
Carillion has hit back at Balfour Beatty after the latter blamed its desire to retain Parsons Brinckhoffer for the collapse of merger talks, with the bo...

Carillion has hit back at Balfour Beatty after the latter blamed its desire to retain Parsons Brinckhoffer for the collapse of merger talks, with the board describing itself as “surprised” by Balfour’s reaction.

The Board of Carillion confirmed that for the combination to satisfy Carillion’s requirements, it would be “essential to retain the stability and dependability of Parsons Brinckerhoff’s earnings.”

It insisted a merger makes sense in that it has the ability to provide “very significant shareholder value.”

Carillion said it would give further consideration to the matter, and that it would make a further announcement in due course. It did not rule out a further offer.

The deal is required to be completed by August 21 at 5pm.

Carillion confirmed that its announcement was not being made with the consent of Balfour Beatty.

Share

Featured Articles

How to lead a successful EDI migration process

Software developer Comarch, which has over 20 years of experience in data management, shares tips on the potentially challenging EDI migration process

Changing EDI provider & how to find the right one

How to find the right EDI provider for your business

Tinamu drone automation revolutionises inventory management

Swiss firm Tinamu transform building material inventory management with Automation and Drone Technology and redefine stockpile volume measurement

COBOD's BOD2 3D printer used to build a school in Ukraine

Construction Projects

All you need to know about Saudi real estate developer ROSHN

Construction Projects

Arcadis signs collaboration with Canadian start-up Niricson

EPC