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CWDMon, 03rd Sep 2018 14:05
LONDON (Alliance News) - Countrywide PLC said Monday that Oaktree Capital Group Holdings GP LLC lowered its stake in the company to 18.28%.
Prior to the sale, Oaktree held a 30.13% interest in the estate agent.
Countrywide shares were trading down 5.5% at 11.00 pence each.
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(Sharecast News) - Connells has increased its offer for Countrywide to lodge a cash bid valuing the estate agent company at £112.1m excluding debt.
Read moreLONDON MARKET PRE-OPEN: Connells Improves Cash Offer For Countrywide
Read more(Sharecast News) - Alchemy Partners said it had the support of almost 45% of Countrywide's shareholders for its proposed offer for the company.
Read moreConnells Opposes Countrywide Deal With Alchemy As Takeover Rejected
Read more(Sharecast News) - Countrywide said on Wednesday that it has rejected a possible 250p a share takeover approach from real estate management company Connells and that it is in talks with private equity group Alchemy Partners about a possible cash injection.
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Read more(Sharecast News) - Countrywide's recapitalisation plans were thrown into disarray on Tuesday after shareholders rejected a £90m offer from Alchemy Partners.
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