Daily Mail Money Markets: Rightmove Disregards £5.6bn Bid
Wednesday, 11 September 2024, 08:22
Rightmove’s Decision on the £5.6bn Takeover Offer
In a significant move, Rightmove has confirmed it received an offer valuing its shares at 705 pence each from REA Group, an online real estate advertising firm based in Australia. However, the company has deemed the bid as 'opportunistic' and decided to reject it.
Implications for Money Markets
This rejection is poised to influence the money markets, drawing attention to Rightmove's steadfast position within the sector. Investors and analysts alike will be closely monitoring developments stemming from this decision.
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