Purplebricks slumps after deal to transfer business to Strike
17/05/2023 09:20
** Shares of online estate agent Purplebricks Plc PURP.L
fall 24% to 1p
** PURB top pct loser across London stocks, hits its lowest
level ever
** PURB enters conditional agreement to transfer its
business to Strike Ltd for 1 pound ($1.26) and assumption of its
liabilities urn:newsml:reuters.com:*:nL4N37E1Q6
** PURB says CEO Helena Marston will resign from role
resign from role with effect from completion of strategic review
and termination of formal sale process
** Including session's move, stock down about 89% YTD
(Reporting by Muhammed Husain in Bengaluru)
((Muhammed.Husain@thomsonreuters.com;))
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