UK's OFT extends consideration period for Taylor Woodrow buy of George Wimpey |
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Published
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Tue, 24 Apr 2007 11:51
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LONDON (Thomson Financial) - The UK Office of Fair Trading said it has extended the consideration period for Taylor Woodrow PLC's expected acquisition of George Wimpey PLC by 10 working days to May 17.The two housebuilders announced they had agreed the terms of a 5 bln stg all-share merger on March 26. The Times reported last week that Britain's largest house builder Persimmon PLC and private equity firms were preparing to gatecrash the deal.TFN.newsdesk@thomson.comami/tsm/vlbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Taylor Woodrow and George Wimpey boards agree terms on 5 bln stg merger 