Barratt Developments to acquire Redrow for £2.5bn.

Barratt Developments, one of the largest residential property development companies in the United Kingdom, agreed to acquire Redrow, one of the largest British housebuilders, for £2.5bn. "Redrow and Barratt combined creates a leading UK homebuilder. Together, we'll be in a much better position to offer a broader range of high-quality and energy efficient homes to customers," Matthew Pratt, Redrow CEO.