Sale of Jarvis was 'only 10 days away' when bidder withdrew its offer

Click to follow
The Independent Online

Jarvis, the listed engineer, was "only 10 days away from a sale" before a bidder pulled out last month, according to a source close to the talks.

The company had been on the Takeover Panel's Disclosure Panel, which lists quoted companies that are under offer, since May, when the 'IoS' revealed the possibility of a sale. Jarvis, chaired by former London mayoral candidate Steven Norris, was removed from the panel in late November.