At 5.37am last Wednesdsy, the final email was sent. The board members and their advisers in the companies, lightheaded with sleep deprivation and adrenalin, were ready to end two months of negotiations and weeks of market speculations by announcing to the stock exchange a deal that would be a landmark in the history of British contracting: Carillion was to make a £291 m bid for Mowlem.
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