12:13 AM EDT, 09/30/2026 (MT Newswires) -- Peel Group's cash offer for property developer Harworth Group (HWG.L) of 1.87 pounds sterling per share became unconditional after the acceptance condition was met. Peel BidCo counted 170,247,183 Harworth shares, about 52.06% of the issued share capital as of Tuesday, according to a same-day release. The offer will remain open for acceptance until further notice. Peel BidCo also agreed to buy a further 49,216,852 shares at or below the offer price. Upon settlement, expected by Thursday, Peel BidCo and its concert parties will own or have received 67.11% of valid acceptances. If the acceptances reach 75% of voting rights, Peel BidCo intends to seek delisting from the London stock exchange, and compulsorily acquire the remaining shares if the acceptances reach 90%.

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