Consortium set for McCarthy & Stone acquisition deal

Sept. 5, 2006
The Morther Bidco consortium, led by the Bank of Scotland and including the Reuben brothers, is set to acquire retirement housebuilder McCarthy & Stone for more than £1 billion - the largest takeover deal in British housebuilding history. Following a summer bidding war between Mother Bidco and rival Barclays-led consortium Mars Bidco, the latter has dropped its interest in McStone, …

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