# UK’s Crest Nicholson says Bellway’s revised proposal undervalues group
Published: 2024-06-14
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Crest Nicholson Rejects Undervalued Proposal from Bellway
Meta Description: Crest Nicholson rejects Bellway's $828 million bid, saying it significantly undervalues the group. Stay informed on the latest developments.
URL: https://tradingherald.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](https://tradingherald.com/impact-of-pandemic-and-climate-crisis-evident-in-design-of-new-luxury-homes-at-the-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](https://tradingherald.com/uks-bellway-to-buy-back-shares-hike-social-housing-output/) on Thursday made public the [revised](https://tradingherald.com/uks-britvic-rejects-revised-takeover-proposal-from-carlsberg/) 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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