Rightmove rejects fourth REA bid as ‘unattractive and undervaluing’ firm

Property platform Rightmove has rejected the fourth takeover offer from Rupert Mudroch’s REA. After rejecting REA’s third offer for “materially undervaluing” the company, London-listed Rightmove has said the £6.2bn offer “remains unattractive”.  “The board has unanimously concluded that the latest proposal is unattractive and materially undervalues Rightmove,” the company said. “Shareholder interests would be better [...]