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| Carillion to acquire Mowlem for £291 million The Boards of Carillion and Mowlem announced that agreement has been reached on the terms of a recommended proposal whereby Carillion will acquire, for cash and shares, the entire issued and to be issued share capital of Mowlem, by means of a scheme of arrangement under section 425 of the Companies Act. Commenting on the Proposed Acquisition, Philip Rogerson, Chairman of Carillion said: “The acquisition of Mowlem represents a new stage in Carillion's development and its successful strategy for sustainable and profitable growth. write your comments about the article :: © 2005 Construction News :: home page |