Heron Corporation has put its takeover plans for Crest Nicholson on hold. In a statement to the London Stock Exchange Heron said: “At the request of Crest Nicholson, the Takeover Panel has required Heron to state by 12 noon today whether or not Heron intends to make a cash offer for the issued shares of Crest Nicholson not already owned by Heron. Due to the continued absence of access to information on Crest Nicholson, Heron has no alternative but to confirm that it will not make an offer for Crest Nicholson within the next 6 months.” Heron reserves the right to make or participate in an offer within the next 6 months with the agreement or recommendation of the board of Crest Nicholson. Heron also retains its 23.4% holding in Crest and the voting powers that go with it.