REA Group Ltd (AU:REA) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
REA Group Ltd has expressed disappointment after Rightmove plc’s Board of Directors rejected their increased takeover offer, which REA believes significantly undervalues Rightmove. Despite multiple proposals and a belief in the strong value proposition for Rightmove’s shareholders, REA has yet to engage in substantive discussions with Rightmove. The company urges Rightmove shareholders to push for engagement before the upcoming deadline, although there is no certainty that any offer will proceed.
For further insights into AU:REA stock, check out TipRanks’ Stock Analysis page.
