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REA Group Ltd (ASX:REA) – which has been in the news for seeking to acquire fellow property listings company, UK-based Rightmove – has appeared to be having trouble with the offer, which Rightmove has turned down. REA confirmed to investors on Wednesday that it had made a non-binding indicative proposal to Rightmove’s board on September 5, offering its shareholders 305 pence in cash and 0.0381 new REA shares. This would have implied a total offer value of 705 pence for each Rightmove share – valuing the latter’s entire issued and to be issued ordinary share capital at approximately £5.6 billio…

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