Rightmove Says Shareholders Shouldn't Take Immediate Action Over Potential REA Offer
Provided by
Dow Jones
By Nina Kienle
Rightmove said shareholder should take no action for now after REA Group disclosed it was considering a cash-and-share offer for the U.K. company.
The property website on Monday said that it hasn't received any approach from the Australian real-estate advertiser, which now has until 1600 GMT Sept. 30 to either announce a firm intention to make an offer or pull out.
REA is 61% owned by News Corp., the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
September 02, 2024 12:16 ET (16:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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