Countrywide agrees to takeover by rival estate agent Connell

Countrywide agrees to takeover by rival estate agent Connells


Updated: December 31, 2020, 9:51 am
Troubled estate agency Countrywide has agreed to a takeover by rival Connells (Victoria Jones/PA)
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Troubled estate agency Countrywide has agreed to a takeover by rival Connells in a deal valuing the group at more than £134 million.
It comes after Connells increased its offer to 395p a share, following a 325p bid made on December 7 and a previous 250p-a-share approach.
The recommended bid values debt-laden Countrywide at about £134.4 million, or about £223.1 million including debts.

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