“Significantly enhanced” bid for Mouchel

Costain increases offer by more than a quarter

06-Jan-11 Construction giant Costain has announced a “significantly enhanced proposal” to buy consultancy and outsourcing services firm Mouchel. Following its 22 December 2010 informal bid, when it offered 0.5135 in Costain shares for each Mouchel share, Costain has increased its bid by almost 28%, offering 0.5947 Costain shares per Mouchel share (Environment Analyst 22-Dec-10). This values Mouchel shares at approximately £150 million or...

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