Carillion PLC Announcement Regarding Balfour Beatty plc (6558P)
August 20 2014 - 10:00AM
UK Regulatory
TIDMCLLN TIDMBBY
RNS Number : 6558P
Carillion PLC
20 August 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION.
THIS ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF
THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").
FOR IMMEDIATE RELEASE
Announcement Regarding Balfour Beatty plc
20 August 2014
This announcement is being made following the announcement by
the Board of Carillion on 19 August 2014 of its improved merger
proposal made to Balfour Beatty plc ("Balfour Beatty").
The Board of Balfour Beatty has not agreed to Carillion's
proposal or to request an extension to the Put Up or Shut Up
deadline which expires at 5pm tomorrow, 21 August 2014. Carillion
therefore today announces that it is no longer pursuing such a
merger.
For the purposes of Rule 2.8 and other relevant provisions of
the Code, Carillion reserves the right to announce an offer or
possible offer or make or participate in an offer or possible offer
for Balfour Beatty or to take any other action permitted pursuant
to the Code, within the next six months following the date of this
announcement, in the circumstances set out in Note 2 to Rule 2.8 of
the Code or otherwise with the consent of the Panel.
In the event that Carillion is permitted pursuant to the Code to
announce an offer or possible offer or make or participate in an
offer or possible offer for Balfour Beatty, Carillion reserves the
right to do so at any price and in any form or mix of
consideration.
Enquiries:
Carillion
John Denning, Director Group Corporate Affairs +44 (0) 1902 316
426
Finsbury (PR Adviser to Carillion)
James Murgatroyd +44 (0) 207 251 3801
Gordon Simpson
Morgan Stanley & Co. International plc (Joint Corporate
Broker)
Peter Moorhouse +44 (0) 20 7425 8000
Oriel Securities (Joint Corporate Broker)
David Arch +44 (0) 20 7710 7600
Morgan Stanley & Co. International plc, which is authorised
by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority
in the United Kingdom, is acting as joint corporate broker to
Carillion, and no one else in connection with the matters referred
to in this announcement. In connection with such matters, Morgan
Stanley & Co. International plc, its affiliates and its and
their respective directors, officers, employees and agents will not
regard any other person as their client, nor will they be
responsible to any other person other than Carillion for providing
the protections afforded to their clients or for providing advice
in connection with the contents of this announcement or any other
matter referred to herein.
Oriel Securities Limited, which is authorised and regulated by
the Financial Conduct Authority in the United Kingdom, is acting as
joint corporate broker to Carillion, and no one else in connection
with the matters referred to in this announcement. In connection
with such matters, Oriel Securities Limited, its affiliates and its
and their respective directors, officers, employees and agents will
not regard any other person as their client, nor will they be
responsible to any other person other than Carillion for providing
the protections afforded to their clients or for providing advice
in connection with the contents of this announcement or any other
matter referred to herein.
Publication on websites
A copy of this announcement will be made available subject to
certain restrictions relating to persons resident in restricted
jurisdictions on Carillion's website at www.carillionplc.com by no
later than 12 noon (London time) on 21 August 2014.
The content of the website referred to in this announcement is
not incorporated into and does not form part of this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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