Crest Deal Collapses

Mail on Sunday › June 13, 2010

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Summary

HOPES for a Pounds 350 million sale of housebuilder Crest Nicholson were receding this weekend after entrepreneur Hugh Osmond pulled out of exclusive takeover talks and several rivals said they were no longer interested in a deal.

A source close to the talks said the price had been too high for a company facing uncertainty in the housing market and the effects of the euro crisis.

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Crest Deal Collapses

Crest, ...

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