Posts tagged: Redrow

Betaville Intelligence

RARE ALERT: Redrow said to ... - Part 3

Wednesday, 7 February 2024, 7:46 am

Sometimes it takes a few hours and sometimes it takes a few weeks for little old Betaville's alerts to be confirmed.

With Redrow, though, it took two and a half years.

Loyal readers might recall that back in the summer 2021 little old Betaville published a RARE Alert about the takeover rumours surrounding FTSE 250-listed housebuilder Redrow, whose founder Steve Morgan is the largest shareholder...


Barratt Developments snaps up Redrow for £2.5 billion in stock

Wednesday, 7 February 2024, 7:24 am

Consolidation in the British housebuilding sector has been talked about for a while but nobody believed it would actually happen.

But now it actually has with Barratt Developments announcing a £2.5 billion all-share takeover of smaller rival Redrow.

Barratt Developments is offering 1.44 new Barratt shares for every Redrow share which currently values the latter at just over £2.5 billion or around about a 27pc premium to Redrow's share price at yesterday's close...