(Bloomberg) -- Australian real estate listing provider REA Group Ltd. said its £5.6 billion ($7.3 billion) takeover offer for Rightmove Plc was rejected by the UK company.
The stock-and-cash offer valued Rightmove at 705 pence a share, REA said Wednesday. Rightmove shareholders would receive 305 pence in cash and 0.0381 new REA shares for each Rightmove share, REA said.
©2024 Bloomberg L.P.
