Rightmove rejects latest takeover offer as bid deadline looms
Housing portal Rightmove (RMV) offered a firm rebuttal to the fourth - and as it stands final - takeover offer from Australian group REA Group (REA:ASX) saying it still 'materially undervalued' the business and its future prospects.
Rightmove shares dipped 52p or 8% to 616p against REA's offer of more than 780p in cash and stock.
OFFER LABELLED 'UNATTRACTIVE'
Under the terms of REA's latest off...