About 77.3% of Amey shareholders have accepted the offer so far
The operation, which has a major strategic component, strengthens Ferrovial´s services area and its international strategy
Ferrovial has announced a seven-day extension (until 15.00h on 23 May) of the acceptance period for its bid for UK services company Amey.
Since 25 April, when the bid prospectus was filed, approximately 77.3% of Amey shareholders have accepted. This extension sets a new deadline for the bids other conditions: 13 June. If the bid is declared unconditional, shareholders will be paid 14 days later.
The operation, which is supported and recommended unanimously by the Board of Directors of Amey, is conditional upon obtaining offer acceptance of at least 90% of the share capital.
Ferrovial is offering Amey shareholders 32 pence per share (0.47 euros per share), which is a 19% premium over the share price on the day the offer was announced and a 37% premium over the average market price in the previous three months. Consequently, the total value of the offer for 100% of Amey is 81 million pounds sterling (117.7 million euros).
Ferrovial has already obtained commitments to accept the offer from shareholders representing 32.6% of share capital, including the shares held by the company´s directors.
Strengthening the services division and expanding internationally
The operation, which has a major strategic component, strengthens Ferrovial´s services area and its international strategy. Amey´s activities involve comprehensive management of infrastructure (roads and railways and underground rail) and facility management (maintenance and integrated management of buildings and facilities).
Amey is one of the leading players in the area of private financing and management of infrastructure and services for government under PFI (Private Finance Initiative) and PPP (Public Private Partnership) formulas.
Amey currently has an option to acquire 33% of Tube Lines, the company which holds the maintenance concession for London Underground (Jubilee, Northern and Piccadilly Lines).
Ferrovial was already present in the British Isles through its ownership of Bristol Airport and the recent concession for a toll road in Ireland. Ferrovial is currently present in Canada, Poland, Australia, the United Kingdom, Portugal, Ireland and Latin America.
In 2002, international activities provided 28% of group revenues and 42% of operating profit. Ferrovial extends the acceptance period for the Amey bid by seven days
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About 77.3% of Amey shareholders have accepted the offer so far
The operation, which has a major strategic component, strengthens Ferrovial´s services area and its international strategy
Ferrovial has announced a seven-day extension (until 15.00h on 23 May) of the acceptance period for its bid for UK services company Amey.
Since 25 April, when the bid prospectus was filed, approximately 77.3% of Amey shareholders have accepted. This extension sets a new deadline for the bids other conditions: 13 June. If the bid is declared unconditional, shareholders will be paid 14 days later.
The operation, which is supported and recommended unanimously by the Board of Directors of Amey, is conditional upon obtaining offer acceptance of at least 90% of the share capital.
Ferrovial is offering Amey shareholders 32 pence per share (0.47 euros per share), which is a 19% premium over the share price on the day the offer was announced and a 37% premium over the average market price in the previous three months. Consequently, the total value of the offer for 100% of Amey is 81 million pounds sterling (117.7 million euros).
Ferrovial has already obtained commitments to accept the offer from shareholders representing 32.6% of share capital, including the shares held by the company´s directors.
Strengthening the services division and expanding internationally
The operation, which has a major strategic component, strengthens Ferrovial´s services area and its international strategy. Amey´s activities involve comprehensive management of infrastructure (roads and railways and underground rail) and facility management (maintenance and integrated management of buildings and facilities).
Amey is one of the leading players in the area of private financing and management of infrastructure and services for government under PFI (Private Finance Initiative) and PPP (Public Private Partnership) formulas.
Amey currently has an option to acquire 33% of Tube Lines, the company which holds the maintenance concession for London Underground (Jubilee, Northern and Piccadilly Lines).
Ferrovial was already present in the British Isles through its ownership of Bristol Airport and the recent concession for a toll road in Ireland. Ferrovial is currently present in Canada, Poland, Australia, the United Kingdom, Portugal, Ireland and Latin America.
In 2002, international activities provided 28% of group revenues and 42% of operating profit. 
