Troubled house builder Galliford has revealed it rejected two separate buyout approaches from rivals Redrow and Galliford Try. Negotiations with Redrow were terminated because the firm's proposals were "not in the interests of Bovis shareholders", according to the company. However, talks with Bovis Homes Try are ongoing. At Last month , Bovis shares were £ 7 ($ 10.05 ), with the firm valued around £1.1bn. Bovis recently revealed it has set aside £ 8.28 m to compensate customers whose houses were unfinished or had plumbing or electrical defects.
Troubled house builder Bovis Homes has revealed it rejected two separate buyout approaches from rivals Redrow and Galliford Try. Negotiations with Redrow were terminated because the firm's proposals 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. Bovis recently revealed it has set aside £7m to compensate customers whose houses were unfinished or had plumbing or electrical defects.