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BAE Systems to drop Babcock bid plan

 
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PostPosted: Sun Apr 30, 2006 11:15 pm    Post subject: BAE Systems to drop Babcock bid plan Reply with quote
LONDON (Reuters) - BAE Systems <A HREF="http://go.reuters.co.uk/financeQuoteLookup.jhtml?ticker=BA.L&qtype=sym&infotype=info&qcat=news">BA.L</A> plans to walk away from a 700 million pound deal to take over Babcock International Group <A HREF="http://go.reuters.co.uk/financeQuoteLookup.jhtml?ticker=BAB.L&qtype=sym&infotype=info&qcat=news">BAB.L</A> because of the target company's soaring share price, the Sunday Times said.

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