# UK’s Crest Nicholson says Bellway’s revised proposal undervalues group
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2024-06-14
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Crest Nicholson Rejects Undervalued Bid from Rival Bellway
Meta Description: UK's Crest Nicholson rejects $828.04 million revised unsolicited proposal from Bellway, citing significant undervaluation of group. Learn more here.
URL: https://economystandard.com/uks-crest-nicholson-says-bellways-revised-proposal-undervalues-group/

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## UK’s Crest Nicholson says Bellway’s revised proposal undervalues group   (Reuters) – British homebuilder Crest Nicholson said on Friday it rejected a 650 million pound ($828.04 million) revised unsolicited proposal from rival Bellway, saying that the deal “significantly undervalued” the group.    Bellway on Thursday made public the revised all-share bid it proposed on May 7 to buy Crest Nicholson, after the initial proposal too was rejected.    ($1 = 0.7850 pounds)        (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema)


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