Bae, Vt to Join Forces for Babcock




Summary


BAE Systems and VT Group revealed they are in talks to jointly bid for defence company Babcock International.

The pair were forced to issue a statement after news of their negotiations leaked out, pushing Babcock's shares higher and valuing the company at Pounds 560m.

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Extract


Bae, Vt to Join Forces for Babcock

No approach has yet bee...

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