Crest fights off Heron bid

March 17, 2005
Housebuilder Crest Nicholson has rebuffed a takeover bid from the privately owned Heron Corporation run by Gerald Ronson. Crest said Heron’s offer of 345p to 430p a share, which could value the housebuilder at up to £480 million, significantly undervalued the company. Crest have also refused to allow Heron access to its books saying it will only do this if …

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