Redrow Plc (RDW) founder Steve Morgan is drawing up plans to take the housebuilder private for more than 400 million pounds ($618 million), the Mail on Sunday reported, citing a person familiar with the matter.
Morgan, also the chairman of the company, has held talks with Toscafund Asset Management, Redrow’s second-largest shareholder behind Morgan with an 11 percent stake, the newspaper said. Toscafund backs the proposal, the Mail said.
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