Bovis confirms £1.1bn Galliford Try deal

By Joey Gardiner2019-11-07T09:38:00

Deal will create top five housebuilder

Galliford Try has agreed to sell its housing businesses to Bovis for £1.08bn, following nearly two months of intensive talks.

The firms announced this morning that the companies have agreed to a cash and shares deal which will see Galliford Try shareholders be offered a £675m stake in Bovis plus £300m in cash and a £100m debt swap.

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