10:53 AM EDT, 08/07/2026 (MT Newswires) -- Harworth Group (HWG.L) said Friday its board is "unanimous and unequivocal" in rejecting an unsolicited firm offer from UK infrastructure investor Peel Holdings Group. The board said the 1.725 pound-sterling-per-share cash offer by Peel Holdings "fundamentally undervalues" the property developer and its near and longer-term prospects. It added that the offer has been "opportunistically timed to take advantage of a material dislocation" between the target's share price and the value of its underlying assets. Peel Holdings unit Goodweather Holdings already owns 97,949,409 Harworth shares, representing 29.96% of the target's existing issued share capital.

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