Countrywide
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Latest property news
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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Latest property news
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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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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Countrywide headquarters face review if Alchemy ‘takeover’ is voted through
Company's Milton Keynes central and London management hubs to be looked at if re-financing deal is approved by shareholders on 18th November.
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BREAKING: Countrywide COO Paul Chapman to leave the company today
Chapman is one of Countrywide's most senior managers and is the third top chief to leave the company within a week.
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Latest property news
Countrywide battle looms as 75% of shareholders asked to back deal
High bar is revealed by Alchemy tender document sent out to investors this week, which leaves deal open to revolt among other shareholders.
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