Costain's directors are seeking to pressure Mouchel's board into accepting its latest acquisition offer by touring the country and speaking to the consultancy's shareholders. The contractor had an improved offer equivalent to I35p per share turned down by Mouchel's board last week, but Costain financial director Tony Bickerstaff told CN he was hopeful that discussions with Mouchel shareholders might pave the way for talks to begin with the firm's board of directors. "I was in Scotland yesterday talking to Mouchel shareholders about what we have achieved here at Costain and what we see as an exciting opportunity to develop both companies," he said.
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