Slaughter and May is advising Redrow Plc on its combination with Barratt Developments plc

Slaughter and May is advising Redrow Plc (“Redrow”) on the recommended all-share offer for the combination of Redrow and Barratt Developments plc (“Barratt”) to be effected by means of a court-sanctioned scheme of arrangement (the “Combination”). The Combination is conditional upon regulatory approvals from the CMA, as well as shareholder approvals. Under the terms of the Combination, each Redrow shareholder will be entitled to receive 1.44 new Barratt shares for each Redrow share. On the basis of the closing price per Barratt share of 530 pence on 6 February 2024, the Combination values the entire issued and to be issued share capital of Redrow at approximately £2,524 million on a fully diluted basis. The Combination is expected to complete in the second half of 2024.

Redrow is a leading homebuilder across England and Wales with a reputation for building premium, characterful homes and thriving communities. Headquartered in Wales, Redrow operates in 12 regional divisions across England and Wales, building over 120,000 homes across nearly 50 years in well-chosen locations with excellent place-making.

Slaughter and May has been working closely with Redrow’s Company Secretary, Beth Ford.

Sally Wokes Partner
Harry Hecht Partner
Usman Sawar Associate
Thomas Whitney Associate
Teodora Stanoeva Associate
William Parr Associate

Charlotte Lazarowicz / Trainee, Beatrice Kang / Trainee, James Ng / Trainee, Summer Houlder / Trainee

Incentives and Employment
Phil Linnard Partner
Charles Cameron Partner
Ed Hunnisett Senior Counsel
Chloe Sanderson Associate
Matthew Ward Associate
Rebecca Torrance Associate
William Turtle Partner
Jessica Staples Senior Counsel
Ben Stanworth Associate
Etienne Fumagalli Associate
Ed Fife Partner
Richard Griffin Associate
Real Estate and Construction
John Nevin Partner
Hetty Smurfit Associate
Planning and Environment
Richard Keczkes Head of Planning
Emma Game Senior Counsel
Adrian Burbie Associate