Consolidation in the housebuilding sector was back on the agenda yesterday after McCarthy & Stone said it had received approaches that “may or may not” lead to an offer for the market leader in retirement homes.
Shares in the company rose more than 15% to 907.5p yesterday, valuing the company at £927m.
The Times writes that Permira, Europe’s biggest private equity firm, is understood to be one of the mystery bidders.
References: Financial Times 03/06/06 page 15, The Times Business 03/06/06 page 58, The Guardian 03/06/06 page 24, The Independent 03/06/06 page 47
