Not so long ago21 Dec 2011 06:58
Earlier this year Mouchel turned down a takeover bid from construction group Costain at £1.52 per share, and two years before that VT Group offered £2.92.
I can see one of those two coming back and throwing down anything upto 40p at present to take Mouchel out. I was originally thinking 20p, but having thought about it all Mouchel needs is a tie up like that to improve its balance sheet and with the firms experience new "big" contracts are a certainty.