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Regular news: Issue 568 8 Apr 2011

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General transport / Mode, Parking, All of UK

Mouchel takeover talks collapse

Interserve and Costain have both abandoned their pursuit of support services group Mouchel after their final offers were rejected. Mouchel had previously indicated that it would agree to a takeover by Interserve but the deal collapsed when Interserve reduced its offer after conducting due diligence.

City analysts said that Mouchel chief executive Richard Cuthbert and his management team now had a final chance to deal with the company’s problems following a series of profit warnings over...

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