Troubled home builder Bovis Homes has revealed it rejected two separate buyout approaches from rivals Redrow and Galliford Try . Shares in FTSE-250 firm Bovis were at 828p at the close of last week, valuing the firm at about £1.1bn. Plans with Redrow were terminated because the firm 's plans were " not in the interests of Bovis shareholders " , according to the company . However , talks with Galliford Try are ongoing . At the close of last week , Bovis shares were £ 8.28 ( $ 10.05 ) , with the firm valued around £ 1.1bn . It recently revealed it has set aside £ ##50 m to compensate customers whose houses were unfinished or had plumbing or electrical problems .
Troubled home builder Bovis Homes has revealed it rejected two separate buyout approaches from rivals Redrow and Galliford Try . Plans with Redrow were terminated because the firm 's plans were " not in the interests of Bovis shareholders " , according to the company . However , talks with Galliford Try are ongoing . At the close of last week , Bovis shares were £ 8.28 ( $ 10.05 ) , with the firm valued around £ 1.1bn . It recently revealed it has set aside £ ##50 m to compensate customers whose houses were unfinished or had plumbing or electrical problems .