Galliford investors will call for break-up if rights issue fails

摘要

Concerns have been raised about Galliford Try's hybrid contractor/housebuilder model by a group of shareholders in the wake of last month's rights issue.rnAccording to sources close to the situation, several of its bigger shareholders would urge that the business be broken up if the second round of equity raising in two-and-a-half years failed to produce the predicted growth in its housebuilding arm and a share price recovery.rnLast month, shareholders stumped up £119m to help expand Galliford Try's housebuilding operation from 1,800 to 4,000 units by 2013.