Redrew founder Steve Morgan has announced he is leading a takeover bid for the housebuilder. Mr Morgan's firm Bridgemere -along with Tosca and Penta - is considering making an offer for Redrew at 152p per share, it was confirmed last week. A statement from Bridgemere said: "Bridgemere and Tosca/Penta wish to notify shareholders that they have made an initial approach to the independent directors of Redrow and are considering the possibility of making an all-cash offer for Redrow of 152 pence per Redrow share.
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