Fidelity lodges complaint over Redrow joint offer
Redrow shareholder Fidelity has filed a complaint with the UK Takeover Panel regarding the proposed joint takeover bid from Steve Morgan and Toscafund.
Fidelity argues that the joint offer from Morgan, who holds a 40.4% stake in the UK housebuilder, and Toscafund, which holds a 16.7% stake
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