Crest Nicholson has rejected an unsolicited £650m takeover bid from Britain’s fifth-largest housebuilder, which it said “significantly undervalued” the business.
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Investing.com -- Shares in Crest Nicholson (LON:CRST) surged on Friday after the British homebuilder rejected a 650 million pound takeover offer from peer Bellway (LON:BWY).