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Travis Perkins takeover decision to be announced tomorrow

The Office of Fair Trading (OFT) will announce if it has approved builders merchant Travis Perkins’s £558m takeover of rival merchants BSS Group tomorrow (October 19).
Travis Perkins launched the bid at the end of May and had expected to receive the go-ahead last month, but the OFT delayed it in order to take a closer look at potential competition issues.

It is thought that Travis Perkins might be required to sell off some branches in areas where there would be severe overlap. However, the general industry view is that the merger would be more complementary than competititive.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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