Responding to publication of the offer and its refusal yesterday, Carillion has now issued a formal statement which says:
 
"Carillion believes that Alfred McAlpine would represent an attractive acquisition and that a combination of the two companies would present an excellent strategic fit, creating a leading position in support services and integrated solutions and generating an opportunity to extract significant cost savings.

"Carillion notes that the Board of Alfred McAlpine has rejected this approach. Carillion will continue to evaluate all strategic opportunities, including Alfred McAlpine, based on a disciplined and value-driven approach to earnings, indebtedness and returns. There can be no certainty that any further proposal will be made to the board of Alfred McAlpine or that any offer or transaction will result or as to the terms on which any offer or transaction might be made.

A further announcement will be made if appropriate."