Crest Nicholson faces potential takeover bid from Avant, backed by Elliott

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Investment firm Elliott Advisors has recently made a secret takeover offer for London-listed housebuilder Crest Nicholson, according to sources close to the matter. The offer, made last month by Elliott-owned Avant Homes, was an all-share proposal that would have resulted in Elliott becoming the largest shareholder in the combined group. However, it has been reported that Crest’s board rejected…

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