British engineering company Balfour Beatty on Wednesday rejected Carillion's third merger proposal, saying it failed to address the risks in the deal and only represented a small increase in value.
Carillion had gone public wi
British construction company Balfour Beatty said on Thursday it had terminated talks with Carillion over a possible 3 billion pound ($5.08 billion) merger, only days after the possible deal was revealed.
Balfour said in statement
Al Futtaim Carillion, a joint venture with the integrated support services company Carillion, has won a 61 million pound ($101.4 million) contract for the first phase of the Dubai Trade Centre development, said a report.
Support services and construction firm Carillion is in line for potential contracts in the Middle East worth more than GBP3 billion ($4.82 billion) in the next four months as infrastructure projects in the region show signs of life.
Msheireb Properties has awarded a joint venture of Carillion (Qatar) and Qatar Building Company (QBC) a construction contract valued at QR2.37 billion ($650.7 million) for the key phase of its flagship project, Msheireb Downtown Doha.
British support services group Carillion said it won another contract in the Middle East and confirmed it expects to deliver improved earnings in 2009, sending its shares higher.
Carillion said its 49 percent-owned Al Futtaim Carillion joi