Galliford Try up as it rejects Bovis approach for subsidiary

By
0 mins. to read
Galliford Try up as it rejects Bovis approach for subsidiary
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in housebuilder Galliford Try (LON:GFRD) has risen by 2.23% to 550.50p (as of 12.30 BST) after it confirmed that it had received a preliminary proposal from FTSE 250 rival Bovis Homes to acquire its Linden Homes and Partnerships & Regeneration arms. In exchange, Galliford Try shareholders would receive new Linden Homes shares.

Management said that they had rejected the offer, since they believed it undervalued the Linden Homes business and was not in the company’s best interests.

 

 

Take part in our poll

Which investment platforms do you use?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.