Barratt Developments (GB:BDEV) has released an update.
Barratt Developments PLC is set to acquire all issued and to be issued ordinary share capital of Redrow plc, as detailed in a recently approved circular and prospectus. The all-share offer, subject to conditions, will grant Redrow shareholders 1.44 new Barratt shares for each held, with key meetings and completion expected in the latter half of 2024. This strategic move, aimed at strengthening Barratt’s market position, will only proceed after shareholder approval at the upcoming general meetings.
For further insights into GB:BDEV stock, check out TipRanks’ Stock Analysis page.
