BBC NEWS | Business | Goldman desists from BAA takeover

BBC NEWS | Business | Goldman desists from BAA takeover: "Goldman desists from BAA takeover

Soon to be in Spanish hands?
US investment bank Goldman Sachs has announced that it will no longer proceed with a takeover bid for UK airports operator BAA.
Its comments came after BAA said it 'ceased' talks with the Goldman Sachs.
The news appears to leave Spain's Grupo Ferrovial free to complete its �10bn ($18bn) takeover of BAA, which has been backed by the UK firm's board.
The UK Takeover Panel had given Goldman Sachs until June 16 to make a rival offer for BAA or withdraw its interest.
Airports have become an attractive investment target because of the surge in air travel worldwide."