Bovis rejects Galliford Try and Redrow takeover bids but stays open to deal

British homebuilder Bovis has rejected a bid approach from rival Galliford Try but remains in talks about a possible deal, the company said on Sunday, adding it had also rejected a proposal from another suitor, Redrow.

A tie up between Galliford and Bovis would see the country’s sixth- and eighth-biggest housebuilders combine in search of economies of scale in an industry which has reported rising profits in recent years and so far shown little vulnerability to Britain’s exit from the European Union.

Bovis, whose CEO quit in January following a profit warning, said in February it would slow

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