Carillion, the contractor whose attempted merger with Balfour Beatty collapsed with some acrimony last week, is planning to approach investors who also have stakes in its quarry to get them to put pressure on the company to return to the negotiating table.
At the same time it is understood that the City Takeover Panel is looking at statements made by Steve Marshall, the Balfour chairman, after the negotiations collapsed at the instigation of Carillion’s financial advisers.
WS Atkins, the quoted consulting engineer, has emerged as one of four potential bidders for Parsons Brinckerhoff, the US consultant that Balfour is trying to sell.
The talks with Carillion broke down after the latter apparently changed its mind over the Parsons sale and demanded it be kept.
Sources