The Board of Rightmove has unanimously rejected the Latest Proposal from REA Group. The Board has concluded that the Latest Proposal remains unattractive and continues to materially undervalue Rightmove and its future prospects.
Rightmove received the proposal on 27 September 2024, under which, shareholders of Rightmove would receive, for each Rightmove share: 346 pence in cash and 0.0417 new REA shares, which implied an offer value of 780 pence, and a dividend of 6 pence in cash.
Also, the Board of Rightmove has declined requests from REA to grant due diligence access as none of REA's proposals received to date has been at a sufficient level to grant such access.
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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.