Crest Nicholson rebuffs approach from another rival

Crest Nicholson has confirmed it has been approached by another rival after rejecting a £650m takeover offer from Bellway last month.
The house builder said it had “received unsolicited, preliminary, indicative proposals from Avant Homes regarding a possible all-share combination of Crest Nicholson and Avant.”
It added: “None of the proposals from Avant involved a possible takeover offer by Avant for Crest Nicholson.“The most recent indicative proposal was an all-sh