Kier looks at May Gurney's books ahead of potential bid

摘要

Contractor Kier has been given access to the books of support services firm May Gurney in order to undertake due diligence in; advance of a potential offer for the ￡695m-tumover firm, Building understands. The news leaves ￡2bn-turnover Kier on course to table a rival offer, which could upset an agreed ￡178m all-share merger proposed between Costain and May Gurney on Wednesday last week. However, it is understood to be unlikely that Kier will make a decision on whether or not to bid before the end of this week.