Sold: Crest agrees £715 million takeover deal

March 8, 2007
Following five months of negotiations and after twice extending the bid deadline, Crest Nicholson’s board has today accepted a £715 million takeover offer from HBOS and Sir Tom Hunter’s Westcoast Capital. The deal will see the duo's Castle Bidco consortium pay 620p per share for the 77% of the Surrey-based housebuilder it does not already own. This is significantly higher …

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