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Carillion and the Balfour Beatty bid – the story in numbers
This morning Balfour Beatty rejected Carillion's bid for a third time. We break down the story in numbers
£3bn – the total value of a combined business should the merger go ahead.
5pm – the “put up or shut up” deadline tomorrow (21 August) for Carillion's final offering.
3 – the number of bids made so far (all of which have been rejected).
£2.08bn – the value of Carillion's third offer, an increase of 15.5 per cent on the previous bid.
7 per cent – the amount Balfour's share price fell this morning following its third rejection.
58.27 per cent – the proportion of the combined company being offered to Balfour shareholders, up from 56.5 per cent offered previously.
$1.2bn (£717m) – the amount Balfour expects to sell US design consultancy Parsons Brinkerhoff to Canadian firm WSP for – a major sticking point in the deal, as Carillion wants to retain that part of the business.
2 – the number of chief executives Balfour Beatty has lost in the past year.
4 – the number of profits warnings it has issued.