Grafton bid 'accepted by half of Heiton shareholders' by initial deadline

Building materials group Grafton has announced that almost 54% of Heiton share owners had accepted Grafton's €336m bid for the company by the first closing date yesterday.

Acceptances were received in respect of 27,021,320 Heiton ordinary shares, representing approximately 53.96% of the existing issued ordinary share capital of Heiton, Graftion said today.