Ward is the latest housebuilder to announce plans to be taken private by management.
The £34.2m buy-out bid for the Kent-based housebuilder and plant hire group has been made by a newly formed company called Kealoha which is backed by key Ward directors and Phildrew Ventures.
Independent directors have recommended the offer and owners of 35.7% of the shares are also giving their support.
Financial Times 21/06/00 page 32
The Times 21/06/00 page 28
