PROFESSIONAL services group Mouchel is in exclusive talks with a prospective bidder, it said today.
The firm, which has several offices on Merseyside and is in the process of closing its Cunard Buildings operation this summer, has been the subject of takeover speculation, with Costain the most prominent suitor.
Mouchel today said it has received a number of approaches, but is now “in advanced discussions with one potential offeror and has signed a co-operation agreement with that preferred trade purchaser in relation to a potential offer being made for the company”.
The company has recently successfully completed new banking facilities and said the board considers it has a strong future as an independent business.
But it believes a combination of Mouchel and the preferred possible offeror would provide the best option to deliver value to shareholders.
