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Travis Perkins poised to become Britain's largest plumbing company after BSS takeoverSubscribe to RSS feed

The chairman of Travis Perkins, Robert Walker, said the company's board had "for some time" believed consolidation in the building materials industry would offer "significant scale benefits in terms of cost savings and improved operational efficiency".

The deal, recommended to shareholders by BSS's board on Monday, involves builders' merchant Travis Perkins paying 0.2608 company shares and 232.91p in cash for every BSS share. (more)