Rightmove plc (RMV.L) said its Board unanimously rejected the Increased Proposal from REA Group on 24 September 2024. The Board concluded that the Increased Proposal continues to be unattractive and materially undervalues the company and its future prospects. The Increased Proposal was 341 pence in cash and 0.0422 new REA shares for each Rightmove ordinary share.
Separately, REA stated that it remains ready to engage immediately with the Board of Directors of Rightmove. Also, REA urged Rightmove shareholders to encourage the Board of Directors of Rightmove to engage in constructive discussions with REA to work towards a recommended transaction.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.