The merged company, which will be named Barratt Redrow PLC, is poised to become a dominant force in the U.K. homebuilding sector, with plans to accelerate home construction nationwide. After the transaction, Redrow shareholders will own 32.8% of the combined group, with Barratt shareholders holding the remaining 67.2%.
Legal Advisers and Next Steps
Legal advisers on the deal include Linklaters LLP for Barratt and Slaughter and May for Redrow. The CMA probe, which began in March and entered its first phase in June, remains a significant hurdle. The competition regulator’s final decision on whether to escalate the investigation will likely shape the immediate future of the newly formed Barratt Redrow PLC.
