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Simple, ACS is big. If they managed to survive the Spanish crisis they're in a position to take over anyone.

Also, because of the absence of a construction boom in Germany, German construction companies are relatively smaller.

None of this means that ACS' bid is sound. It might be, or not. Takeovers are not about the health of the business.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Fri Oct 15th, 2010 at 01:48:07 AM EST
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