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| McAlpine rejects 2nd offer from Carillion Alfred McAlpine, a British construction firm headquartered in London, confirmed that the company received second takeover approach from Carillion at 570 pence per ordinary share, again comprising 25 per cent in cash and the balance in Carillion ordinary shares. The Board of Alfred McAlpine has rejected this proposal as it believes that it materially undervalues the company. McAlpine's interim results showed significant growth of 27 per cent in underlying profit before tax. The restructuring of the group continues to make good progress. The demerger of McAlpine's construction and support services arms is on schedule for completion during Spring 2008. Alfred McAlpine received first 560p-a-share cash and paper offer from Carillion in August. write your comments about the article :: © 2007 Construction News :: home page |