A post by @FirstSquawk on X.
ACS HAS NOT CONSIDERED HOCHTIEF TENDER OFFER, TURNER SHARE SALE
@FirstSquawk on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
ACS said it has not yet considered a tender offer for Hochtief or a sale of its Turner shares, according to a First Squawk tweet. The statement leaves both potential moves, which would reshape the Spanish builder's German subsidiary and its US construction arm, without a decision. Investors had been watching for clarity on how ACS might simplify its structure or raise proceeds. What to watch next is whether ACS formally reviews either option and sets a timetable.
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Named in this story
ACS, Hochtief, Turner