Satisfaction of CFIUS Condition

 

TIDMBAB TIDMVTG 
 
RNS Number : 3115M 
Babcock International Group PLC 
21 May 2010 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION 
For immediate release 
21 May 2010 
  Recommended Acquisition of VT Group plc by Babcock International Group PLC - 
                            Satisfaction of Condition 
 
On 26 April 2010, the boards of Babcock International Group PLC ("Babcock") and 
VT Group plc ("VT") announced the publication and posting of offer 
documentation, and the convening of Court and shareholder meetings, in 
connection with the recommended acquisition by Babcock of the entire issued and 
to be issued share capital of VT to be effected by a Court-sanctioned scheme of 
arrangement (the "Acquisition"). 
Babcock and VT are pleased to announce that they have obtained confirmation from 
the Committee on Foreign Investment in the United States ("CFIUS") that there 
are no unresolved US national security concerns with respect to the Acquisition, 
and that CFIUS has concluded its review of the Acquisition on that basis. 
Accordingly the related CFIUS condition to the Acquisition has been satisfied. 
This follows early termination of the waiting period being granted in respect of 
the Acquisition under the United States Hart-Scott-Rodino Antitrust Improvements 
Act of 1976 (and the regulations made thereunder), as announced by Babcock and 
VT on 20 April 2010. The Acquisition remains conditional upon the satisfaction 
or, if permitted, waiver of the remaining conditions to the Acquisition 
contained in the announcement by Babcock and VT on 23 March 2010. 
- Ends - 
The distribution of this announcement in jurisdictions other than the United 
Kingdom and the availability of any offer to VT shareholders who are not 
resident in the United Kingdom may be affected by the laws of the relevant 
jurisdictions. Therefore any persons who are subject to the laws of any 
jurisdiction other than the United Kingdom or VT shareholders who are not 
resident in the United Kingdom will need to inform themselves about, and 
observe, any applicable requirements. 
Babcock shares have not been and are not currently intended to be registered 
under the securities laws or regulations of the United States, Australia, Canada 
or Japan, and may not be offered or sold in the United States, Australia, Canada 
or Japan or any other jurisdiction where it would be unlawful to do so absent 
registration or an applicable exemption from the securities laws or regulations 
of such jurisdictions. 
Unless otherwise determined by Babcock or required by the Code and permitted by 
applicable law and regulation, copies of this announcement are not being, and 
must not be, directly or indirectly, mailed, transmitted or otherwise forwarded, 
distributed or sent in, into or from the United States, Australia, Canada or 
Japan or any other jurisdiction where it would be unlawful to do so and persons 
receiving this announcement must not mail or otherwise forward, distribute or 
send it in into or from such jurisdictions. Any person who would, or otherwise 
intends to, or who may have a contractual or legal obligation to, forward this 
announcement and/or any other related document to any jurisdiction outside the 
United Kingdom should inform themselves of, and observe, any applicable legal or 
regulatory requirements of their jurisdiction. 
A copy of this announcement will be available on Babcock's website at 
(www.babcock.co.uk) and VT's website (www.vtplc.com) by no later than 12 noon 
(London time) on 24 May 2010. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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