John McDonough, Carillion's chief executive, is engaged in a battle to retain senior staff at Alfred McAlpine after agreeing a pound;572m takeover deal for the company this week. Carillion announced on Monday that it had agreed a 558p per share price for McAlpine, 27p below its previous offer. This will create the UK's second largest contractor with a turnover of pound;4.7bn. The deal is expected to be completed in February.
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