FTSE 100 Live 25 September: Rightmove rejects REA takeover, index seen lower

REA had proposed an offer of 341p in cash and 0.0422 new shares for every Rightmove share, a combination it said was worth 770p. But Rightmove said the package was only worth 759p to shareholders as REA’s share price has fallen by 12% since the initial offer was made,