Website spurns takeover offer

GoCompare said yesterday it “unanimously and unequivocally” rejected an unsolicited takeover offer by ZPG, the company behind sites including uSwitch and Zoopla.

The price comparison group added the proposed deal “fundamentally undervalues GoCompare and does not reflect the strong growth prospects of the company”.

It marks the latest unsolicited approach by ZPG this year, according to GoCompare, which also said it received an initial offer that valued the company at £1.10 per share in May.

GoCompare said that the most recent proposal by ZPG offered £1.10 per share in a combination of cash and shares.

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