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BRIEF-Bellway PLC Confirms It Made Its Latest Non-Binding All-Share Offer To Crest Nicholson On 7 May
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BRIEF-Bellway PLC Confirms It Made Its Latest Non-Binding All-Share Offer To Crest Nicholson On 7 May
Jun 13, 2024 10:12 AM

June 13 (Reuters) - Bellway PLC ( BLWYF ):

* BELLWAY PLC ( BLWYF ) - RESPONSE TO PRESS SPECULATION

* BELLWAY PLC ( BLWYF ) - BOARD OF BELLWAY CONFIRMS THAT, ON 7 MAY

2024, IT

MADE ITS LATEST NON-BINDING ALL-SHARE OFFER TO BOARD OF CREST

NICHOLSON

* BELLWAY PLC ( BLWYF ): UNDER TERMS OF POSSIBLE OFFER, CREST

NICHOLSON

SHAREHOLDERS WOULD RECEIVE 0.093 SHARES IN CO FOR EACH SHARE

THEY OWN IN CREST NICHOLSON

* BELLWAY ( BLWYF )- BOARD OF CO BELIEVES A COMBINATION WOULD DELIVER

SIGNIFICANT OPERATIONAL SYNERGIES AND SUPPORT SUSTAINABLE

SHAREHOLDER RETURNS THROUGH CYCLE

* BELLWAY PLC ( BLWYF ): BELIEVES THAT THERE IS COMPELLING STRATEGIC

AND

FINANCIAL RATIONALE FOR A COMBINATION OF BELLWAY AND CREST

NICHOLSON

* BELLWAY ( BLWYF ): BASED ON CLOSING SHARE PRICE OF CO ON 13 JUNE

POSSIBLE

OFFER REPRESENT IMPLIED VALUE OF 253 PENCE/CREST NICHOLSON SHARE

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