UK's Rightmove to consider sweetened $8.3 bln takeover bid from Murdoch-owned REA Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Source: Reuters
Rightmove Considers New Offer: UK real estate portal Rightmove is reviewing a new £6.2 billion takeover bid from REA Group, which includes an offer of 775 pence per share and a special dividend, after previously rejecting three lower bids.
REA's Position and Market Context: REA expressed disappointment over Rightmove's rejections and urged shareholders to push for negotiations, while analysts question the viability of the new offer amidst a potentially improving UK housing market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
