FILE - Chairman of the German construction firm Hochtief, Herbert Luetkestratkoetter, speaks on Thursday Nov. 11, 2010 in Duesseldorf, western Germany, during a press conference. Hochtief AG is ... more 
FILE - Chairman of the German construction firm Hochtief, Herbert Luetkestratkoetter, speaks on Thursday Nov. 11, 2010 in Duesseldorf, western Germany, during a press conference. Hochtief AG is recommending officially that its shareholders reject a takeover offer from Spanish rival ACS. Hochtief said Wednesday, Dec. 15, 2010 that the euro 2.7 billion (US$ 3.6 billion) bid from ACS is not "adequate from a financial perspective." less 
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Associated Press | Photo By dapd, Volker Hartmann
Thu, Dec 16, 2010 8:38 AM EST