03:15 AM EDT, 09/16/2026 (MT Newswires) -- Peel Holdings Group said Wednesday it increased its takeover offer for Harworth Group (HWG.L) to 1.775 pounds sterling per share in cash, valuing the London-listed property developer at 600 million pounds. The Harworth board had rejected the infrastructure investor's previous offer of 1.725 pounds per share, saying it "fundamentally undervalues" the property developer and its prospects. Peel Holdings urged Harworth's shareholders to accept the revised offer, saying the target "is facing significant operational and structural challenges, including declining [net asset value], higher leverage, a capital constrained balance sheet, worsening cashflow, lower sales volumes, and a new strategy that lacks credibility in that context."

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.