Barratt Developments (GB:BDEV) has released an update.
Barratt Developments PLC is set to acquire Redrow PLC, with both companies’ shareholders approving the all-share offer and merger terms. The UK’s Competition and Markets Authority (CMA) has largely approved the deal, finding competition concerns in only one local area, with Barratt planning to address these issues to prevent a full Phase 2 investigation. The executives of both companies express confidence in the merger, emphasizing their commitment to quality, service, and sustainability in homebuilding.
For further insights into GB:BDEV stock, check out TipRanks’ Stock Analysis page.
