Business Services Industry
Daily Mail, London, Business Briefs.
Knight Ridder/Tribune Business News, September, 2003
Daily Mail, London Knight Ridder/Tribune Business News
Sep. 27--REDROW KEEPS MUM ON MERGER RUMOURS: Bovis Homes and Redrow appear in no rush to join the wave of housebuilding mergers in the industry despite reports that they may merge. Bovis, valued at UKpound 555 million, looks a good fit with Redrow (UKpound 528 million), but analysts say any suitor would have to offer a premium. Bovis fell 7 pence to 475 pence. Redrow rose 2 1/2 pence to 333 1/2 pence. Redrow said: "We would not comment."
PUB DUO RIDDLE: Private equity firms CVC Capital and Cinven appear to have dissolved their bidding partnership for Scottish & Newcastle's UKpound 2.6 billion of pubs. Two private pub operators, Spirit Group and Laurel Group, are still in the race.
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