Britain’s Rightmove rejects £6.1bn offer from Murdoch’s REA; Chinese stocks extend rally – business live | Business
Main Events Show only important events Please enable JavaScript to use this feature Nelson Peltz's Trian Partners joined the board of pest-control company Rentokil Initial two weeks after the company issued a profit warning and its shares plummeted. The stock is up 2.9% today. Trian, a New York-based hedge fund Nelson Peltz and Peter Mayis […]
Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn | Rightmove
Rupert Murdoch's Australian property group REA has increased its takeover bid for Rightmove, Britain's largest online property portal, to £5.9 billion. REA, 61% owned by Murdoch's News Corp, increased its initial offer by around £300 million after Rightmove's board last week unanimously rejected its initial proposal as a “fundamental undervaluation”. The initial cash and share […]
Rupert Murdoch-owned property company REA in talks with Rightmove | Rightmove
Australian property company REA, majority owned by Rupert Murdoch's News Corp, has begun negotiations with Rightmove, Britain's largest online property portal. The initial offer, which is not a formal takeover bid, is reportedly at around 700 pence per share, valuing the company at more than £5.5 billion. This comes a week after REA confirmed it […]