Bovis, Galliford agree housing deal in ailing British market
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(Reuters) - Bovis Homes sealed a deal for UK builder Galliford Try's residential business on Thursday, more than doubling the size of its housing development business and making it the fifth largest player in a struggling British market. Under the cash-and-share deal initially proposed in September and due to close in January, Bovis will buy Galliford's Linden Homes and Partnerships & Regeneration businesses for £1.08 billion.Galliford shareholders will hold a stake of 29.3% in the enlarged..