Crest shares rise as board defends rejection of Bellway takeover bid
Evening Standard|June 14, 2024
HOUSEBUILDER Crest Nicholson said today that a £650 million takeover bid from larger rival Bellway "significantly undervalues" the FTSE 250 firm and insisted it can prosper as an independent company.
Daniel O’Boyle
Crest shares rise as board defends rejection of Bellway takeover bid

Bellway revealed yesterday after Crest Nicholson shares tumbled on the back of disappointing results - that it had made a bid for Crest last month, which was rejected.

Under the bid, Bellway would pay 0.094 of its own shares for every Crest share, meaning Crest shareholders would own 17.1% of the combined business.

However, the Surrey-based builder's board unanimously rejected the offer.

هذه القصة مأخوذة من طبعة June 14, 2024 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 14, 2024 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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