Countryside says ‘unsolicited’ £1.5bn takeover bid is too low

By Carl Brown2022-05-31T08:21:00

Board of partnerships housebuilder says offer from US investor Inclusive Capital ‘undervalues’ the business

The board of Countryside has said a £1.5bn takeover bid from a California-based ESG investor “undervalues” the business and has urged its shareholders not to take any further action.

In a statement yesterday evening, the £600m-turnover partnerships housebuilder described two approaches from Inclusive Capital to discuss a potential takeover deal as “unsolicited” and “non-binding”.

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