MARKET TALK: Travis Perkins Deal Should Bring Healthy Synergies

5th Jul 2010 09:20

0820 GMT [Dow Jones] Travis Perkins's (TPK.LN) acquisition of BSS Group (BTSM.LN) should bring healthy synergies to the group and remove major questions over Travis's growth prospects, says Collins Stewart. Says the merger will create the largest UK plumbing and heating group and estimates market share will rise from 17% to 25%. Has the stock at buy, with 909p price target. Travis Perkins shares -0.8% at 749p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 05, 2010 04:20 ET (08:20 GMT)