Fierce bidding continues for McCarthy & Stone

Aug. 1, 2006
McCarthy & Stone is at the centre of a billion pound bidding war, with three consortiums expressing interest in the retirement homes specialist. Chairman Keith Lovelock has recommended a formal bid of £1.03 billion or £10 a share from Mars Bidco, a private equity joint venture between Permira and Barclays. But a rival consortium, Broomco, comprising the Bank of Scotland, …

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