Kier trumps Costain's bid for May Gurney

Construction, services and property firm Kier Group has trumped Costain in its bid for smaller peer May Gurney, scuppering plans to merge the two latter companies together.

Construction, services and property firm Kier Group has trumped Costain in its bid for smaller peer May Gurney, scuppering plans to merge the two latter companies together.

Kier said on Wednesday that it had reached an agreement on the terms of a recommended offer for May Gurney which values the company at £221m.

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