Heiton rejects Grafton proposal

Grafton Group plc has announced that it has been in discussions with the Board of Heiton Group plc Heiton with regard to a possible offer to acquire the entire issued and to be issued ordinary share capital of Heiton.

The discussions culminated in a proposal to the Board of Heiton on the basis of receiving a recommendation from the Board of Heiton and amounted to €6.35 per Heiton share.