Summary
Persimmon's agreed pounds 643 million takeover of its smaller rival Westbury is likely to result in a "few hundred" job losses as head office functions are consolidated and some regional offices closed.
The company, which will become the UK's leading housebuilder by volume, is bidding 560p a share in cash for Westbury. On top of this, Westbury shareholders will also be entitled to keep the 6.1525p interim dividend.See the full content of this document
Extract
Persimmon Builds to Biggest in Field
Persimmon, which announced it was in bid talks with Westbury earlier this month, expects to extract synergy savings of pounds 25 million in its first full y...
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