Mouchel rejects takeover bid by support services rival

VT Group seeks explanation after Mouchel rebuffs two takeover approaches

17-Dec-09 Business outsourcing and consulting engineering firm, Mouchel, has received two takeover approaches by larger rival VT Group in recent weeks. But the bids have been snubbed by the Mouchel board, led by chairman Bo Lerenius, prompting VT Group plc to issue a statement detailing its most recent offer and requesting a meeting with Mouchel to understand the basis of its rejection of VT's approach. Mouchel’s shares rose by 19% last Friday, after...

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