10th May 2006 17:20
Babcock International Group PLC10 May 2006 10 May 2006 BABCOCK INTERNATIONAL GROUP PLC REACTION TO ANNOUNCEMENTS FROM VT GROUP AND BAE SYSTEMS Babcock International Group plc ("Babcock") notes today's announcements from VTGroup plc ("VT") and BAE Systems plc ("BAE Systems") that they do not intend tomake an offer for Babcock. Babcock will continue to pursue its successful strategy which has transformedthe business over the last four years. Babcock is now a leading supportservices company with a proven track record, strong financial position andattractive growth prospects. Our results for the year ending March 2006,published on 3 May, and the subsequent acquisition of Alstec Group demonstrateBabcock's ability to create value for our shareholders both via organic growthand through acquisitions. Enquiries: Babcock Group Tel: 020 7291 5000Peter Rogers (Chief Executive)Bill Tame (Finance Director) Financial Dynamics Tel: 020 7269 7121Richard Mountain/Andrew Lorenz This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BabcockBAE Systems