Rupert Murdoch-backed property giant REA Group has tabled a fourth non-binding bid for UK rival Rightmove of £6.2bn, and it urged the firm's board to consider the proposal ahead of the deal deadline next week.
Today's (27 September) offer marks an increase from the £6.1bn bid proposed earlier this week, which the Rightmove board "unanimously rejected" on Wednesday (25 September). Having initially offered 705p per share on 5 September, which then rose to 770p per share on Monday (23 September), the latest bid from the Australian conglomerate represents a total value of 781p per Rightmove share, valuing the company at £6.2bn. Rightmove rejects takeover offer from Murdoch-backed REA Group Should the offer be accepted, this would mark an 11% increase on the implied total value of the initial...
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