Redrow plc (GB:RDW) has released an update.
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Redrow plc has announced that shareholders have approved the all-share merger with Barratt Developments PLC, which will be implemented through a court-sanctioned scheme of arrangement. The overwhelmingly positive vote moves the companies closer to completing the merger, with expectations set for the second half of 2024, subject to court approval and other conditions. The successful votes at both the Court Meeting and General Meeting satisfy key conditions for advancing the merger process.
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