11:17am Thursday 4th March 2010
By Echo Business
VT Group's pursuit of Mouchel ended today after the former shipbuilder turned its attention to fending off an unwanted £1.25 billion takeover.
The outsourcing group's decision to walk away comes after its smaller rival refused to engage in talks about a proposal valuing it at £330m.
Botley based VT is facing a battle of its own after Babcock International made a new takeover approach for the former Vosper Thornycroft business.
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