UK - West Coast Capital and Bank of Scotland Corporate to raise bid for house builder

West Coast Capital, the private equity vehicle of Scottish entrepenuer Tom Hunter, and Bank of Scotland Corporate may raise their offer for housebuilding company Crest Nicholson this week. The consortium placed a 585p per share offer for the company in November last year which was rejected. It is expected to make an offer of over 600p per share some time this week, leading to a possible market capitalisation of over ТЃ700m.