STEVE Morgan, chairman of quoted housebuilder Redrow, has made an offer for the company valuing it at around £560m.Using his investment vehicle Bridgemere Securities Mr Morgan has proposed a takeover at 152p a share which he said was a 23% premium to the 90-day trading average of 122.7p. The shares closed at 151.2p yesterday.Mr Morgan, who owns Wolverhampton Wanderers, has made the move with two other investors, Penta Capital and the hedge fund Toscafund Asset Management, which holds 13.8% of Redrow shares.He already owns 40.......for the full story register now for free or login below...