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News - Henderson raises John Laing bid

Posted on May 13, 2008 in the Finance insurance category

The takeover battle for UK construction and infrastructure group John Laing has taken a fresh twist after fund manager Henderson increased its bid offer.


Henderson’s private equity arm is now offering 1bn ($1.9bn) for the business as it aims to trump a 958m offer from German insurance company Allianz.


John Laing agreed to Allianz’s bid at the end of last month, after earlier backing a previous Henderson offer.


Laing builds art capital finance finance insurance managing risk structured wiley
and schools and owns the Chiltern Railways association of finance and insurance professional
.


It has finance household insurance
more than 50 public sector infrastructure projects under the private finance tesco finance car insurance (PFI).


The firm also built the second Severn Bridge crossing, and outside the UK has been involved in road corporate est finance finance hill in insurance irwin mcgraw real series
schemes in Norway, Poland and the United States.

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