RE: “Converium believes that the better path for Foxtons is to pursue a formal process to sell itself, a16 Mar 2022 14:31
We note that Foxtons’ competitor Countrywide plc (“Countrywide”) underwent a similar process in 2020 following several years of operational and financial struggles. After trading at 50p during Covid-19, a bidding war emerged for Countrywide that eventually resulted in Connells Limited acquiring Countrywide for 395p per share.
The lows were in fact 30p not 50p. Anyone eager for a bidding war here?