The Independent on Sunday
VT PLANS THIRD BID FOR MOUCHEL
VT Group VTG.L is expected to increase its takeover bid
for rival support services firm Mouchel MCHL.L to around 300
pence per share after Mouchel argued that previous bids had
undervalued the business.
VT Group's pursuit of Mouchel forms part of a strategy to
transform the company from a warship builder into a support
A source said that VT is "almost ready to push the button"
on another offer. Iat is expected that a bid could be tabled
early this week.
SEMPERIAN SLOWS GROWTH TO UNDER 150 MILLION POUNDS A YEAR
Semperian, a Public Private Partnerships investor, is
looking to grow its business by between 100 million and 150
million pounds a year.
The figure would represent growth of ten to 15 per cent a
year, and is thought to reflect a call from investors for a more
conservative approach in response to a slowing PPP market.
Growth has previously reached 350 million pounds a year.
It is thought that the group's current growth strategy may
include the targeting of assets owned by FTSE 250 support
services group Interserve (IRV.L).
Prepared for Reuters by Durrants.