Bellway plc

Makes improved proposed offer for Crest

  • Sectors : Construction and Housebuilding
  • Companies : Bellway plc

Ratings and price correct at time of issue.

  • Bellway plc

    Closing Price: 2580p

  • RATING 24/03/14

  • PREVIOUS RATING 10/09/13

    NEUTRAL

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

A third offer by Bellway for Crest Nicholson is now at a level that Crest’s Board will recommend to shareholders. This deal seems likely to proceed, and a further considerable consolidation in the UK homebuilder sector is probable.

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Jul 10 2024, 09:55 IST/BST

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