Takeover panel issues deadline on BAA

Ferrovial snaps up 150 million shares for 'major' increase in stake

A consortium led by Goldman Sachs has been given a week to decide whether to launch a takeover bid for airport operator BAA after a put-up-or-shut-up ruling by the UK Takeover Panel.

The US bank is heading a consortium that approached BAA with a possible takeover proposal worth 870p per share at the end of March as an alternative to a hostile offer from a group led by Spanish construction company Ferrovial.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It