Feb. 5 (Bloomberg) -- Mouchel Group Plc’s biggest owner said company directors should set a Feb. 18 deadline to receive firm takeover offers, the Financial Times reported.
Andy Brough, a fund manager at Schroders Plc, said it would be “mad” to take more than two weeks to reach that point, the newspaper quoted him as saying. Schroders is the biggest shareholder in Mouchel, according to the newspaper.
Mouchel’s board is considering an offer from Costain Group Plc, the newspaper said.
To contact the reporter on this story: Alistair Holloway in London at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Carpenter at email@example.com