Rightmove has rejected a £5.6 billion takeover offer from Rupert Murdoch’s REA Group, stating it undervalues the company. Despite a 20% share price increase following news of the offer, REA has until September 30 to make a firm bid. Shareholders are unlikely to accept a takeover without a substantial offer, especially with the improving UK property market outlook benefiting Rightmove’s unique position.
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Why Shares in Novo Nordisk Lost Weight Today
Shares of Denmark's pharmaceutical company Novo Nordisk (NYSE: NVO) fell by 4% following the termination of its partnership with telehealth firm Hims & Hers, which Novo Nordisk accused of illegal practices and deceptive marketing. Hims & Hers CEO Andrew Dudum is preparing a response to the allegations made against the company. Explain It To Me Like I'm 5: Shares of Novo Nordisk, a big medicine company from Denmark, dropped 4% because they ended a partnership...
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