Deals deals deals a bear market - Part 9

Monday, 9 November 2020, 7:07 am

The takeover bids are coming in and fast in the London market as predators look to take advantage of ailing rivals, with Connells Group launching a raid on Countrywide.

In case you don't recall, Countrywide was trying to get a "strategic investment" deal done with Alchemy. The private equity firm had offered £90 million for a stake of between 50pc and 67pc in Countrywide.

But now Connells is offering 250p a share for Countrywide, whose shares on Frinday closed at 145p. Below is a link to the announcement:..


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