Business
REA Group makes $244 million bid for Mortgage Choice – The Australian Financial Review
Online real estate advertising outfit REA Group has come for CBA-backed mortgage broker Mortgage Choice Limited.
Online real estate advertising outfit REA Group has come for CBA-backed mortgage broker Mortgage Choice Limited.
REA Group has made a bid for Mortgage Choice. Gabriele Charotte
REA announced on Monday morning it had entered into a scheme implementation agreement to buy the ASX-listed Mortgage Choice for $244 million, or $1.95 a share.
The bid represented a 66 per cent premium to Mortgage Choices last close, and a 66.8 per cent premium to its one-month volume weighted average price.
The bid was…
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