UK homebuilder Bellway withdraws £720m takeover bid for Crest Nicholson after three attempts.
Bellway, a UK homebuilder, has withdrawn a £720m takeover bid for rival housebuilder Crest Nicholson after three attempts, without providing a reason. Crest Nicholson remains confident in its standalone prospects and has received interest from rival housing developer Avant Homes. The housebuilding industry has seen a rise in mergers amid high mortgage rates and weaker demand for homes.
August 13, 2024
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