Rightmove stated that the latest offer from REA Group, worth £6.2 billion, is still considered unattractive, continuing to undervalue the company's prospects significantly.
Chairman Andrew Fisher urged REA Group to submit a best and final proposal before the deadline, seeking to provide certainty and closure for all parties involved in the takeover process.
Analysts noted REA's interest could stem from anticipated interest rate cuts in Britain, which might lower mortgage costs, thereby making the market more attractive.
Sympathizing with REA for their past success, Fisher reaffirmed Rightmove's confident outlook as the leading operator in the UK property market over the last two decades.
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