Tarmac on alert for hostile takeover bid

摘要

Tarmac is gearing up to fight a hostile takeover bid by smaller rival Aggregate Industries. The stock exchange this week put the contracting and aggregates giant on its takeover list after AI revealed that the pair have been in merger talks. Tarmac is understood to have rejected the deal, leading to speculation that Al now has no option but to launch a hostile bid. A Tarmac spokesman refused to comment in detail on the speculation.