Agency says it has agreed to buy 895,360 shares off Alchemy, which at one point was poised to buy Countrywide.
Read MoreConnells now offers £104m for Countrywide against ‘flaky’ Alchemy rival deal
Connells chief says it will now pay shareholders £3.25 a share, an increase of 30% on its original £2.50 deal.
Read MoreLATEST: Connells’ Countrywide bid ‘would see job losses, branch closures’
Investment firm is scathing of the Connells takeover bid and says its offer will satisfy all shareholders.
Read MoreBREAKING: Countrywide rejects Connells offer and recommends new City deal
Struggling behemoth tells shareholders Alchemy deal is the best on the table after rejecting competitor out of hand.
Read MoreMore turmoil at Countrywide as Long and Creffield exits confirmed
Estate agency giant says it will now discuss three options with shareholders including Connells bid as it reveals new interim CEO.
Read MoreMajor Countrywide shareholder describes debt plan as ‘destructive and ill-judged’
Catalist, which is one of the firm's largest stakeholders, has made an unusually strong statement criticising fellow shareholder Alchemy and the company.
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