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Howdens next on the list for TP?

DEAL-hungry traders made a beeline for the kitchen yesterday on hopes that supplier Howden Joinery could be a target for Travis Perkins.

They noted suggestions that Wickes DIY chain owner Travis, up 27p to 1048p, could be on the lookout for further deals following its acquisition of plumbing and heating company BSS.
According to broker Evolution: “Travis is in the process of expanding its nascent position in the kitchens market. Howden might stack up as a target.

“Both companies are UK-focused and kitchens are a complementary line for Travis’ merchants business, which could also be complementary to Travis’ Wickes retail business.” Howden shares firmed 3½p to 115p.

Source : David Shand -

20 May 2011

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