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Bid deadline looms for Ferrovial

Spanish construction giant Ferrovial has until tonight to sweeten its £9.73 billion offer for airports operator BAA.

The company has to meet a Takeover Panel deadline of tonight to sweeten its £9.73 billion offer, while investment house

Goldman Sachs is also under pressure to consider whether it will

revise its own rival proposal.

Ferrovial saw its 900p a share approach rejected by the BAA board last week, but it is thought the company may be prepared to increase its offer to between 910p and 915p - equivalent to up to £9.89 billion.

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