Investegate |Connells Limited Announcements | Connells Limited: Connells acquires Alchemy's stake in Countrywide
On 31 December 2020, the boards of Connells and Countrywide announced that they had reached agreement on the terms of a recommended cash offer by Connells for Countrywide (the "Recommended Offer Announcement"), pursuant to which Connells will acquire all of the issued and to be issued share capital of Countrywide (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme"). On 22 January 2021, Connells and Countrywide announced that a circular in relation to the Scheme (the "Scheme Document") had been published o...