Bovis, Galliford revive merger talks with new £1.1B bid
September 11, 2019
Bovis Homes has restarted talks to buy the housebuilding unit of Galliford Try for just under £1.1 billion. Previous discussions broke down in May when the latter rejected a £950 million bid. Bovis expects to pay Galliford £675 million in shares based on its closing share price on Monday, plus £300 million in cash and £100 million of Galliford's debt.