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Scotsman: General Electric May Buy BAA (LHR, LGW)  
User currently offlineN328KF From United States of America, joined May 2004, 6491 posts, RR: 3
Posted (8 years 7 months 2 weeks 3 days 6 hours ago) and read 2813 times:

Brief fair use excerpt:

GENERAL Electric (GE), America's seventh-biggest company by revenues, was today linked with a possible takeover bid for Edinburgh airport owner BAA.

The conglomerate emerged as a surprise suitor after BAA, the world's biggest airports operator, rejected its second takeover approach in recent weeks.

Yesterday, the company knocked back a £9.4 billion approach from a consortium led by United States investment banking group Goldman Sachs, insisting that the offer undervalued the company.

That followed a hostile bid for BAA, which also owns Heathrow, Stansted and Glasgow airports, from Spain's Ferrovial last month.

[...]
BAA generates interest from General Electric.


When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
6 replies: All unread, jump to last
 
User currently offlineN328KF From United States of America, joined May 2004, 6491 posts, RR: 3
Reply 1, posted (8 years 7 months 2 weeks 3 days 6 hours ago) and read 2796 times:

Since this has hit the wires, there are a bunch more articles about it now. Looks like it's for real:

Forbes
Reuters
Monsters & Critics

FYI, BAA also owns EDI and operates PIT and IND. Don't they also operate MXP?



When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
User currently offlineEddieDude From Mexico, joined Nov 2003, 7619 posts, RR: 42
Reply 2, posted (8 years 7 months 2 weeks 3 days ago) and read 2672 times:

According to the article that I read this morning on this subject, it is expected that General Electric will team up with Goldman Sachs, rather than make a bid of its own.

On the other hand, I am sure Ferrovial will not go without fighting and they will add more investors to their consortium so as to be able to make a higher offer. Perhaps Macquarie would join Ferrovial, or at least so has been speculated in some media. It will be interesting to see what happens, because Ferrovial needs to launch its offer quite soon.

I am not sure which other airports belong to or are operated by BAA, but I understand they do have assets in Hungary, so maybe BUD is operated by them.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineGLAGAZ From UK - Scotland, joined Feb 2004, 1983 posts, RR: 11
Reply 3, posted (8 years 7 months 2 weeks 3 days ago) and read 2672 times:

Quoting N328KF (Reply 1):
FYI, BAA also owns EDI and operates PIT and IND. Don't they also operate MXP?

Aswell as LHR,LGW,STN,SOU,GLA,ABZ,BUD,PER....

Gaz



Neutrality means that u don't really care cos the struggle goes on even when ur not there, blind and unaware
User currently offlineMax999 From United States of America, joined Dec 2005, 1077 posts, RR: 0
Reply 4, posted (8 years 7 months 2 weeks 2 days 23 hours ago) and read 2640 times:

With GE taking over BAA, we can look forward to them increasing the size of the airport shopping malls to make room to sell GE products.

One GE refrigerator takes about as much retail floor space as 20 Louis Vuitton bags.

Who cares if space for passenger amenities (i.e. bathrooms) are decreased! As long as they can fit another shop into LHR...this time, it's a GE shop. Maybe they'll even sell a GE90 engine for duty free.

[Edited 2006-04-18 01:37:59]


All the things I really like to do are either immoral, illegal, or fattening.
User currently offlineAtmx2000 From United States of America, joined Oct 2004, 4576 posts, RR: 37
Reply 5, posted (8 years 7 months 2 weeks 2 days 22 hours ago) and read 2574 times:

Quoting Max999 (Reply 4):
With GE taking over BAA, we can look forward to them increasing the size of the airport shopping malls to make room to sell GE products.

One GE refrigerator takes about as much retail floor space as 20 Louis Vuitton bags.

Who cares if space for passenger amenities (i.e. bathrooms) are decreased! As long as they can fit another shop into LHR...this time, it's a GE shop. Maybe they'll even sell a GE90 engine for duty free.

Hmm, maybe they'll spike the fuel for aircraft with RR and PW engines with something to lower the efficiency to make GE's numbers look better.



ConcordeBoy is a twin supremacist!! He supports quadicide!!
User currently offlineLH121GLA From Germany, joined May 2004, 456 posts, RR: 1
Reply 6, posted (8 years 7 months 2 weeks 2 days 6 hours ago) and read 2486 times:

Quoting GLAGAZ (Reply 3):
Aswell as LHR,LGW,STN,SOU,GLA,ABZ,BUD,PER....

I wish they would break up BAA - have MAplc (MAN Airport) make a bid for GLA and turn it into a real success  crossfingers 


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