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BRIEF-Galliford Try confirms it approached Bovis and proposed all share merger
March 13, 2017 / 7:17 AM / 8 months ago

BRIEF-Galliford Try confirms it approached Bovis and proposed all share merger

March 13 (Reuters) - Galliford Try:

* Statement re Bovis Homes Group

* Confirms that it has approached board of Bovis and has proposed an all share merger between Galliford Try and Bovis

* Proposed to Bovis that equity in combined group would be split 52.25% to Galliford Try shareholders and 47.75% to Bovis shareholders

* Offer valued entire issued equity of Bovis at £1,191m or 886p per share

* Under proposal, Galliford shareholders would receive interim dividend announced on 21 February 2017 to be paid on 6 April 2017

* Under proposal, Bovis shareholders would receive Bovis recommended final dividend announced on 20 February 2017 Source text for Eikon: Further company coverage:

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