Abbey has received an unconditional mandatory offer from Gallagher Holdings for the shares in the company which it does not already own.
After its recent purchase of shares, it is understood that Gallagher Holdings now holds 51.6% of the housebuilding company.
Abbey noted that today's offer is a final offer, which will not be increased.
A statement from the company urged shareholders to take no action.
It said that its independent directors would consider the offer and provide further advice in due course.
It said that its independent directors would consider the offer and provide further advice in due course.
