BAA Lynton Announcement.LONDON--(BUSINESS WIRE)--Feb. 26, 1999--BAA plc, the UK-based airport company, today announced that, in response to media speculation, it recently confirmed that it was considering a number of options for its property company Lynton, including de-merger De-merger A corporate strategy to sell off subsidiaries or divisions of a company. Notes: For example, in 2001 British Telecom did a de-merger of its mobile phone arm, BT Wireless, in an attempt to boost the performance of its stock. . The company has now concluded that, taking into account market conditions and other practical issues, de-merger is not in the best interests of its shareholders. Instead BAA Baa See BBB. intends to pursue a focused strategy that will even more tightly concentrate Lynton's specialist experience and skills on BAA's core airport business. BAA ordinary shares trade on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. ; prices may be accessed on Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. under the symbol BAA LN, on the Reuter Equities 2000 Service under BAA.L and on Quotron under BAANU.EU. BAA ADRs, each equal to one ordinary share, appear on the pink sheets under BAAPY. Additional information is available on BAA's home page: http://www.baa.co.uk. |
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