By Ian Walker Housebuilder Barratt Developments has agreed to buy smaller peer Redrow in an all-share deal, creating a company with a market value of over 7.15 billion pounds ($9.01 billion). Under the agreement, accepting shareholders of FTSE 250-listed Redrow will get 1.44 new Barratt shares for... read full story
"The Barratt directors and the Redrow directors believe that the combination will create an exceptional U.K. homebuilder in terms of quality, service and sustainability, delivering excellence and driving innovation for customers, employees, sub-contractors and the supply chain,"