Housebuilder Barratt Developments has agreed a £2.5bn deal to buy rival Redrow, claiming the combined company would accelerate the delivery of the homes this country needs.
Stock prices in London opened lower on Wednesday, after housebuilder Barratt offered to buy FTSE 250 rival Redrow in a takeover deal, which values Redrow at GBP2.5 billion.
The move is a seismic.