Mouchel has agreed in principle to a takeover approach from support services and construction group Interserve. The two companies have signed a “co-operation agreement” so that Interserve can complete due diligence before deciding on whether to proceed with its plans to make a formal offer.
The announcement that Mouchel regards Interserve’s shares and cash approach as its “preferred proposal” follows four separate offers from Costain since December,...
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