Crest Nicholson Holdings (GB:CRST) has released an update.
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Crest Nicholson Holdings PLC has been approached with preliminary, non-takeover proposals by Avant Homes for a possible all-share merger, while concurrently considering an offer from Bellway plc. The Board, after consultation with its financial advisers, has decided not to engage with Avant during the offer period by Bellway, which has a deadline of 11 July 2024 to declare its intentions. This announcement, which highlights strategic considerations and potential changes in ownership, was made without the consent of Avant, Elliott, or Bellway.
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