Barratt Developments (GB:BDEV) has released an update.
Barratt Developments PLC has announced the waiver of the Competition and Markets Authority (CMA) condition concerning its all-share offer to combine with Redrow PLC, aiming to finalize the merger within the week. This strategic move is expected to expedite the creation of a leading UK homebuilder poised to deliver high-quality, sustainable housing across the country. The completion of the merger is set to follow the scheduled court sanction hearing, with full integration and realization of synergies within three years.
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