Sept 27 (Askume) – Australia’s REA Group (REA.AX) on Friday increased its stake in British real estate company Rightmove (RMV.L) .
Property-listed REA’s new offer includes an offer price of 775p per share, 17% higher than Rightmove’s closing price on Thursday, plus an additional special dividend of 6p per share.
REA’s new bid is higher than its previous offer of 770 pence per share, or £6.1 billion.
Rightmove rejected three previous offers from REA, saying they undervalued the company and were “erratic, highly opportunistic and unattractive”.
The British company did not immediately respond to a Askume request for comment.
($1 = 0.7479 British pounds)
