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During April 1999, rival house builder Miller Homes launched a bid to acquire Cala, seeking to create Britain's largest privately-owned house builder, offering 175p per share; around the same time, a group of senior staff at Cala proposed a management buy-out of 165p per share instead.
In February 2024, Persimmon was among eight UK house-builders targeted by the Competition and Markets Authority in an investigation into suspected breaches of competition law. The CMA said it had evidence that firms shared commercially sensitive information with competitors, influencing the build-out of sites and the prices of new homes. [69]
On 7 February 2024, the company made an agreed offer to acquire Redrow for £2.5 billion. [52] On the same date, both firms had confirmed reduced revenue and profit. [53] The merged businesses would create a house builder, Barratt Redrow, turning over £7.45 billion and delivering over 22,600 homes a year. [54]
As a further all-share offer from Bellway remained possible until 11 July 2024, Crest Nicholson rejected a competing approach from rival housebuilder Avant Homes. [ 44 ] [ 45 ] On 10 July 2024, the Crest Nicholson board said it was "minded to recommend" an improved Bellway takeover offer of £720m to the company's shareholders. [ 46 ]
The deal, backed by both boards and by five major shareholders at Countryside holding 39% of the company, will create one of the UK's biggest home builders with revenue of over £3bn. Countryside shareholders would receive 0.255 of a Vistry share for each of their shares plus 60p; if approved, the deal would be completed in early 2023. [26]
Comben Homes — was a house building company. It was founded in 1907 by James White Comben and William Henry Wakeling as Comben & Wakeling. In 1972 it acquired Ryedale Homes and was renamed Comben Group, trading as Comben Homes. In 1984 it was acquired by Trafalgar House and became part of its Ideal Homes house building operation.
The merged businesses would create a house builder turning over £7.45bn and delivering over 22,600 homes per year. [53] Subject to regulatory and shareholder approval, the deal was expected to be completed in late 2024, [53] and would see around 800 jobs lost (a 10% reduction in total employees) and nine offices close. [54]