UPDATE 2-UK's Mayflower sinks on accounts error, bid looms

Newswire

(Recasts with Melrose approach, updates shares) LONDON, March 29 (Reuters) - Struggling British bus maker Mayflower Corp unveiled book-keeping errors and the departure of senior managers on Monday, wiping out more than a third of its market value despite news of a bid approach. Investment firm Melrose Plc said it was interested in talks about buying Mayflower, whose shares have plunged around 80 percent since a profit warning five weeks ago. But Melrose could not say whether a bid ...

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