McAlpine spurned Heron bid

Alfred McAlpine rejected a £244m offer from Heron International earlier this month, it has emerged.

McAlpine said the offer materially undervalued the company.

Financial Times 11/12/00 page 27
The Daily Telegraph 11/12/00 page 27 (thecitychecklist)
The Times 11/12/00 page 23