“Two of the UK’s biggest housebuilders have kicked off secret talks about a tie-up just two years after a previous set of merger discussions broke down.
Sky News has learnt that Bovis Homes Group has approached Galliford Try in the last few weeks about a combination of a large chunk of their operations.
If consummated, a deal would represent a fresh catalyst for consolidation in Britain’s housebuilding sector.
Bovis has a market value of just over £1.3bn, while Galliford Try, which owns the Linden Homes housebuilding brand, is worth roughly £550m.
Both are among the ten largest housebuilders in the UK. …
A Bovis insider cautioned that it was unlikely to be interested in Galliford Try’s troubled construction division, which was responsible for a recent profit warning from the group.”