Crest Nicholson gives Heron final chance to make formal takeover bid

May 1, 2005
Gerald Ronson's Heron Corporation's moves to acquire Crest Nicholson have reached a climax, as Crest's takeoever panel has given Heron a final chance to make a formal bid by May 4. The two companies are meeting to thrash out their differences over information sharing, as Heron is urging Crest shareholders to "press the board" to permit Heron access to it …

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