(Reuters) – British homebuilder Bellway on Thursday confirmed that it had recently made an all-share offer to acquire Crest Nicholson, in a deal which would have valued the rival at about 6.5 billion pounds ($8.29 billion).
Bellway said that while Crest Nicholson’s board had rejected the offer, there was a “compelling strategic and financial rationale” for combining the two companies.
($1 = 0.7844 pounds)
(Reporting by Aatrayee Chatterjee in Bengaluru: Editing by Tasim Zahid)
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