Contractor issues compulsory acquisition notices for the remainder of shares it needs to complete its takeover of Birse.

Contractor Balfour Beatty has issued compulsory acquisition notices for the remainder of shares it needs to complete its takeover of Birse.

Balfour Beatty announced yesterday that it had acquired or received valid acceptances for 91.7% of the Birse shares in issue, and has now issued notices to shareholders to acquire the remainder compulsorily.

Balfour Beatty hopes to complete its £32m deal by the end of August.