Property group Harworth sees shares soar after Peel Group makes £583m cash bid to take it private

Peel Group, which has a near-30% stake in Harworth, bid £583m to take full control by buying the rest of the shares it did not already own.

Billionaire-owned Peel Group has tabled a £583m offer for Harworth as the property developer is poised to become the latest firm to exit the London Stock Exchange. The offer of 172.5p per share represents a premium of 20.1 per cent compared to Harworth’s closing share price yesterday and a 36.9 per cent premium above t