UK housebuilders Vistry Group and Countryside to merge in £1.3bn deal
by Jasper Jolly from on (#638V0)
Former Bovis Homes snaps up smaller rival after campaign by two US activist investors
Two of the UK's largest housebuilders are to merge after Vistry Group agreed a 1.3bn cash and shares deal to take over smaller rival Countryside.
The deal would represent a victory for two US activist investors in Countryside, Browning West and Inclusive Capital Partners, which have been pushing for a sale of the company.
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