US private equity group Apollo yesterday raised its offer for Countrywide,UK’s biggest chain of estate agents, from 590p to 617p a share. Financial Times.
The offer, which is a mix of cash and shares in Rightmove, the quoted property website, values UK’s biggest chain of estate agents at £1.05bn.
Apollo increased its offer in a bid to see off a last-minute intervention from rival 3i ahead of today’s shareholder vote.
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