Galliford Try clarification


CJ wishes to make a number of clarifications regarding the story Galliford Try chief must talk to Rok (CJ 15 October).
The article referred to Galliford's "lacklustre share price". Since April 2003, the company's shares have actually risen by 133%.
It suggested institutional shareholders had "seen millions wiped of the value of their investments". It should have said that if an offer was not to go ahead, then investors would not get the corresponding uplift in share price.
Finally it said that prospects of a management buy-out by construction managing director Andy Sturgess had been quashed. CJ is happy to point out that Sturgess has always denied he has any intention to lead an MBO.


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