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	<title>Co-Plan.Net:Business News &#187; VT Succumbs</title>
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		<title>VT Succumbs to Babcock</title>
		<link>http://co-plan.net/vt-succumbs-to-babcock/</link>
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		<pubDate>Sun, 28 Mar 2010 07:36:16 +0000</pubDate>
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		<category><![CDATA[VT Succumbs]]></category>

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		<description><![CDATA[VT Group, the defence services company in the UK, agreed to a £1.3 billion takeover deal from the competing compay—Babcock International. The Southampton-based business had previously resisted an improved bid of £1.2 billion from Babcock.
However, Mike Jeffries, chairman of VT, said that the offer was now fair and reasonable and recommended shareholders vote in favour [...]]]></description>
			<content:encoded><![CDATA[<p>VT Group, the defence services company in the UK, agreed to a £1.3 billion takeover deal from the competing compay—Babcock International. The Southampton-based business had previously resisted an improved bid of £1.2 billion from Babcock.<br />
However, Mike Jeffries, chairman of VT, said that the offer was now fair and reasonable and recommended shareholders vote in favour of the deal. </p>
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