2nd May 2006 07:00
BAE SYSTEMS PLC30 April 2006 BAE Systems plc ("BAE Systems") Statement regarding Babcock International Group plc ("Babcock") 30 April 2006 BAE Systems has noted recent press speculation that it may terminate itsinterest in a joint acquisition of Babcock with VT Group plc ("VT"). BAE Systems confirms that no decision has been made and it continues to explorethe possibility of an offer for Babcock with VT as one potential route toachieve a restructuring of the UK maritime sector. The Panel on Takeovers and Mergers has ruled that, if any offer for Babcock isto be made, it must be announced on or before 12.00 noon on 18 May 2006. No approach has been made to the Board of Babcock to date and BAE Systems wishesto emphasise that there is no certainty any offer will be made. Issued byBAE Systems plcLondon This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE SystemsBabcock