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.