# UK’s Crest Nicholson says Bellway’s revised proposal undervalues group
Published: 2024-06-14
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Crest Nicholson Rejects Undervalued Bid from Bellway
Meta Description: Crest Nicholson, a UK homebuilder, rejected Bellway's 650 million pound revised offer, saying it significantly undervalued the group.
URL: https://internationalreleases.com/uks-crest-nicholson-says-bellways-revised-proposal-undervalues-group/

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## UK’s Crest Nicholson says Bellway’s revised proposal undervalues group

(Reuters) – British homebuilder Crest Nicholson said on Friday it rejected a 650 million pound ($828.04 million) revised unsolicited proposal from rival Bellway, saying that the deal “significantly undervalued” the group.

Bellway on Thursday made public the revised all-share bid it proposed on May 7 to buy Crest Nicholson, after the initial proposal too was rejected.

($1 = 0.7850 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema)


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