Barratt Developments PLC on Wednesday said it agreed the terms of an all-share takeover offer for smaller peer Redrow PLC, valuing Redrow at GBP2.52 billion.
This was alongside both housebuilders.
The London stock market opened lower, with the FTSE 100 index down 0.2%, as precious metal miners declined due to lower gold prices. Homebuilders gained following the Barratt-Redrow deal. -February 07, 2024 at 04:28 am EST
- MarketScreener
UK homebuilder Barratt buys rival Redrow in £2 52bn deal rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Britain's biggest homebuilder Barratt Developments agreed on Wednesday to purchase rival Redrow for £2.52 billion ($3.18 billion) as signs emerged of a.