Galliford Try eyes £1.1bn sale of resi arms to Bovis Homes

By Will Ing2019-09-10T10:19:00

Firm returns to talks after Bovis makes offer including £300m cash payment

Galliford Try has seen its share price shoot up 11% after it revealing it has rekindled talks with Bovis Homes over a possible £1.1bn sale of its housing and regeneration arms.

Bovis, which is headed by former Galliford Try boss Greg Fitzgerald, has already seen one takeover bid rebuffed by Galliford Try in May.

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