Travis Perkins merger delayed

Travis Perkins's £558m takeover of rival builders' merchants BSS has been delayed by at least a month as the Office of Fair Trading (OFT) scrutinises the deal more thoroughly. On Friday, the OFT extended the deadline for the examination of the deal from Tuesday to 19 October. Travis Perkins, led by chief executive Geoff Cooper, had hoped to formally start the merger under a scheme of arrangement, which involves the courts, on 22 October.

Source : The Independent on Sunday