Summary
GLASGOW'S 109-year old Babtie Group is in takeover talks with an American support services giant and is expected to be bought out by the end of the summer.
Jacobs Engineering, a California-based outfit that is about 1,300 times Babtie's size by revenue, is in advanced discussions with the directors of the privately-owned Glasgow company - which employs 3,500 worldwide.See the full content of this document
Extract
Babtie Announces Takeover Talks with American Suitor
The deal is likely to be worth tens of millions of pounds. Babtie made a pre-tax profi...
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