REA Group Ltd (AU:REA) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
REA Group Ltd has expressed disappointment after Rightmove plc’s Board of Directors rejected their increased takeover offer, which REA believes significantly undervalues Rightmove. Despite multiple proposals and a belief in the strong value proposition for Rightmove’s shareholders, REA has yet to engage in substantive discussions with Rightmove. The company urges Rightmove shareholders to push for engagement before the upcoming deadline, although there is no certainty that any offer will proceed.
For further insights into AU:REA stock, check out TipRanks’ Stock Analysis page.
