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UK's Bovis agrees to buy Galliford's housing units for $1.4 bln

Nov 7 (Reuters) - Bovis Homes Group Plc said on Thursday it would buy the residential divisions of British builder Galliford Try for 1.08 billion pounds ($1.39 billion).

Galliford shareholders would receive a stake of 29.3% in the enlarged group after the sale of the units, Linden Homes and Partnerships & Regeneration, is completed, Bovis said. ($1 = 0.7789 pounds) (Reporting by Samantha Machado in Bengaluru Editing by Saumyadeb Chakrabarty)

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