Grafton group shareholders overwhelmingly accept Heiton bid

The board of building group Grafton has announced that all conditions of its proposed €336m acquisition offer for Heiton Holdings have now either been satisfied or waived. The offer has therefore been declared unconditional in all respects.

Grafton said that by 3pm yesterday, valid acceptances had been received in respect of 46,124,451 Heiton Ordinary Shares, representing 92.12% of the existing issued ordinary share capital of Heiton.