Cherry sees off billionaire rival

Jan. 31, 2005
The battle for control of Countryside Properties is over after founder and chairman Alan Cherry increased his offer and his rival, Rock Pacific, threw in the towel. Cherry raised his 275p-a-share bid to 280p, valuing the company at £222m. Rock, which had been stalking the company after secretly building up a 13% stake and taking control of a further 15%, …

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