connells
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Latest property news
Connells 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.
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Latest property news
LATEST: 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.
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BREAKING: 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.
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Global credit rating agency endorses Connells’ attempt to buy Countrywide
Fitch Ratings says if executed properly then Connells would see its market share increase to 10%.
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More 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.
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What downturn? Connells to recruit 250 more agents with more later
Agency says jobs will be at Connells and Sequence branches with more roles for other brands later on.
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Connells now ‘ready to buy Countrywide’ after completing due diligence
Connells once more says Alchemy deal to finance Countrywide will not sort out its financial and operational problems.
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Countrywide to seek £10m from LSH buyer following failed sale
Papers lodged with High Court show agency giant remains bent on legal action to recoup cash from Monaco-based entrepreneur.
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Connells: Countrywide needs new management and strategy or ‘risk administration’
Estate agency sets out why it thinks ailing rival requires its expertise and cash to reverse precarious financial position.
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Bombshell: Connells begins bid to buy Countrywide
Connells has made a preliminary move this morning to acquire the struggling behemoth, and has until December 7th to make a formal offer.
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