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25 September 2020 The on-line newspaper devoted to the world of transports 14:05 GMT+2

January 20, 2008

Forth Ports flings down gauntlet as Babcock buys on
The Australian group now holds almost a quarter of the British firm's shares yet seems in no rush for a formal offer. What price a bidding war?

By David Parsley

Forth Ports has issued a “put up or shut up” demand to Babcock & Brown after the Australian group sparked £1bn-plus takeover talk when it acquired a fifth of the company's shares nine days ago.
Forth, the last remaining ports operator on the London Stock Exchange, is believed to be attracting interest from other potential bidders ......
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