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News Corp: further raises offer for Rightmove
(CercleFinance.com) - REA Group, News Corp's Australian subsidiary, has announced a third increase in its cash and share offer for Rightmove, for an implied value of 781 pence per share, valuing the British group at around £6.
2bn. After the initial offer of 705 pence per share on 5 September, it initially raised it to 749 pence on 16 September, then a second time to 770 pence on 23 September, which were offers that were consistently rejected by Rightmove's board of directors. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
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