Balfour Beatty rejects revised Carillion proposal

LONDON Mon Aug 11, 2014 2:19am EDT

LONDON Aug 11 (Reuters) - British infrastructure company Balfour Beatty said it has rejected a second proposal from rival Carillion to merge, citing the significant risks the deal would pose to its business.

The company said whilst it had carefully considered Carillion's proposal, it saw no strategic logic for the merger other than to enhance the earnings of the combined group. (Reporting by Li-mei Hoang; editing by Sarah Young)