Author Topic: Redrow chief plans to take company private  (Read 6348 times)

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The Prophet

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Redrow chief plans to take company private
« on: September 26, 2011, 09:00:24 am »
The founder of Redrow, Steve Morgan, is planning to take the company private in a £400million deal writes Mark Foxwell in the Mail on Sunday.
Morgan currently owns 30% of Redrow and is apparently "waiting for the market to lift before seeking backing"
He has held talks with Toscafund asset Management a hedge fund that owns 11% of the company.

Shares in Redrow closed last week at 105.8p, valuing the firm at £326million.