Barratt’s £2.5bn takeover of Redrow given go-ahead by UK regulator

CMA accepts undertakings by both housebuilders to address concerns over a potential local competition issueThe £2.5bn acquisition by the UK’s biggest housebuilder, Barratt, of its smaller rival Redrow has been given the green light by the UK’s competition watchdog.The Competition and Markets Authority said it had decided to accept undertakings made by the two companies to address its concerns over a potential local competition issue, which means the deal will not be referred for a longer, phase 2 investigation. Continue reading...