Henderson tops Allianz bid for Laing

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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