Hochtief Shares Fall 3.7% After ACS Rules Out Tender Offer
Hochtief shares fell 3.7% to 352.20 euros in morning European trading after majority shareholder ACS said it had not considered making a takeover offer.
By Michael HennesseyHochtief shares fell after the majority shareholder, Spanish engineering group ACS, said it hasn't considered making a takeover offer for the German construction company.Shares in Hochtief were down 3.7% at 352.20 euros in morning European trade on Monday, having fallen as much…