Private equity owner of Bovis hits back at Brickability’s decision to rebuff takeover offer

Brickability Group LSEG(1)

Materials distributor dismissed Atlas Holdings’ proposal as ‘undervaluing’ firm but US company said bid was significantly above its ‘undisturbed’ share price

The private equity firm that owns Bovis and Permasteelisa has defended its offer for Brickability which the materials distributor said “fundamentally undervalued” it when it was tabled last month.

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