A good deal?

摘要

Kier's bid for May Gurney looks - at this stage -likely to be the last word on this saga with the £2bn-tu mover contractor having made May Gurney an offer it can't refuse, and Costain likely to lack the deep pockets to counter it. Certainly the price Kier came in at, at the high end of expectations, looks to outside observers to have been calibrated to deter Costain from any thought of trying to respond. It is 35% above Costain's offer, a huge 71% above May Gurne/s closing share price the day before Costain came in, and, vitally, includes just over £35m of Kier's cash.