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The struggling Surrey housebuilder confirmed it had turned down the offers because it is 'confident' in its future as a standalone company.
Barratt Developments and Redrow shareholders have approved an all-share offer for the combination of Barratt and Redrow in a deal that values the latter at £2.52bn. The combined group would have a total land pipeline of more than 92,000 plots.
Shareholders of both Barratt Developments and Redrow have voted almost unanimously in favour of the takeover deal announced in February.
A proposed £2.5 billion merger between two of the UK's largest housebuilders has gained the support of shareholders of both companies.
The UK housing sector could see more deals this year as homebuilders seeking to build up their land holdings in anticipation of a recovery look out for bargains in a beaten-down market....