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Rightmove rejects third takeover offer from REA

By Benjamin Chiou

Date: Wednesday 25 Sep 2024

(Sharecast News) - UK property platform Rightmove has once again rejected a takeover offer from REA Group, saying the Australian outfit's latest proposal "materially undervalues" the company.
REA's latest cash-and-shares offer, its third, was equivalent to an offer price of 759p based on REA's closing price on Tuesday, equal to around...

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