THE CITYVIEW: WILL COSTAIN FIGHT BACK?

摘要

"Costain will be hard pressed to get near this -I always said an all-share, nil-premium merger is a hard deal to pull off in any circumstances. "May Gurney adds scale and revenue in arguably Kier's most valued division as far as market perception and rating is concerned, but this is the first scale deal Kier has ever done in its corporate history and with management untested on integration, it is not without execution risk."