Analysts tell Fitzgerald to come back with better offer if he wants Galliford's housing arm

By Dave Rogers, Hamish Champ and 2019-05-28T11:08:00

Any revised pitch might have to include bidding for loss-making construction business

Analysts have said that Bovis Homes chief executive Greg Fitzgerald will have to come back with a better offer if he is to pull off a bid to buy the housing arm of the firm he headed up for 12 years.

Galliford Try confirmed on Tuesday it had rejected a £1.1bn offer from Bovis Homes to take over the contractor’s housebuilding and regeneration and partnerships businesses – meaning it would be just left with its troubled construction business.

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