UK Construction company Henderson Infrastructure (HIH) has risen to the challenge laid down by Allianz in October and trumped the German insurer's bid for UK project manager John Laing with an £1.004 bn (EUR 1.49 bn) offer that includes preference shares. HIH, a division of fund manager Henderson, said shareholders would receive 405 pence in cash per ordinary share, Reuters reported on Friday. The latest bid is 5.2% higher than Allianz's offer of 385 pence per ordinary share that valued Laing at £957.5 mln (EUR 1.43 bn).
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