Details of Grafton offer on way to Heiton shareholders

A formal offer document relating to the poposed takeover of building materials and DIY group Heiton by rival Grafton will be sent to shareholders in early September, Heiton chairman Richard Keatinge told a company AGM today.

A formal offer document relating to the proposed takeover of building materials and DIY group Heiton by rival Grafton will be sent to shareholders in early September, Heiton chairman Richard Keatinge told a company AGM today.

"An offer on this scale is entirely attributable to the efforts of all the people who have worked in the company over many years and we as shareholders owe them a great debt of gratitude," he said.