Yahoo Canada Web Search

Search results

1. www.reuters.com › markets › dealsEuronext pulls $5.8 billion offer to buy Allfunds | Reuters

   www.reuters.com › markets › deals

   Feb 28, 2023 · Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds , boosting the exchange operator's shares while sending Allfunds' lower.

2. www.euronext.com › en › investor-relationsEuronext withdraws its indicative offer for Allfunds

   www.euronext.com › en › investor-relations

   • Cached

   Feb 28, 2023 · Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 28 February 2023 – Euronext, the leading pan-European market infrastructure, today announced that it has informed the Board of Allfunds that Euronext withdraws its indicative offer to acquire 100% of Allfunds’ share capital.

3. thecorner.eu › news-spain › spain-economyEuronext withdraws its 5.5 billion bid for Allfunds - The Corner

   thecorner.eu › news-spain › spain-economy

   • Cached

   Oct 27, 2024 · Euronext has withdrawn its bid for Allfunds, among other reasons, because of unsatisfactory due diligence and the stock market punishment that investors inflicted on the pan-European exchange operator’s share price after the announcement.

4. www.reuters.com › markets › dealsEuronext CEO rules out another Allfunds bid in acquisition hunt

   www.reuters.com › markets › deals

   Dec 21, 2023 · Euronext is unlikely to make another bid for Allfunds as it pursues acquisitions that can grow and diversify revenues, its CEO Stephane Boujnah told Reuters.

5. www.ft.com › content › 36785899-c0d2/4447/81b5-6fbAllfunds shares tumble after Euronext abandons deal

   www.ft.com › content › 36785899-c0d2/4447/81b5-6fb

   Mar 1, 2023 · Euronext, Europe’s biggest exchange operator, said that it was withdrawing an indicative cash-and-stock bid that valued each Allfunds share at €8.75.

   • Author: Sarah Provan

6. www.bloomberg.com › news › articlesEuronext Withdraws Takeover Bid for Allfunds Group

   www.bloomberg.com › news › articles

   • Cached

   Feb 28, 2023 · Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover.

7. People also ask

   Why did Euronext NV withdraw offer for Allfunds Group plc?

   • Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover. The board of Allfunds considered the Euronext proposal inadequate, according to a statement Wednesday.

   Euronext Withdraws Takeover Bid for Allfunds Group

   www.bloomberg.com/news/articles/2023-02-28/euronext-withdraws-takeover-bid-for-allfunds-group

   See all results for this question

   How much was Euronext's offer to Allfunds worth?

   • Euronext's indicative offer amounted to 8.75 euros per share and consisted of 5.69 euros per share in cash plus 0.04059 new shares. While the offer valued the Madrid-based Allfunds above its market value of 4.6 billion euros at the time it was made, it was below the 7.2 billion euros the distribution firm reached in its Amsterdam listing in 2021.

   Euronext pulls $5.8 billion offer to buy Allfunds | Reuters

   www.reuters.com/markets/deals/allfunds-board-poised-reject-euronexts-offer-source-2023-02-28/

   See all results for this question

   Why did Allfunds resign from Euronext?

   • "The Allfunds board considered that the terms of the proposal were inadequate. Allfunds subsequently entered into discussions on terms with Euronext but no agreement was reached and discussions have been terminated," Allfunds said on Wednesday, after Euronext withdrew its offer.

   Euronext pulls $5.8 billion offer to buy Allfunds | Reuters

   www.reuters.com/markets/deals/allfunds-board-poised-reject-euronexts-offer-source-2023-02-28/

   See all results for this question

   Will Euronext acquire Allfunds' share capital?

   • Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 28 February 2023 – Euronext, the leading pan-European market infrastructure, today announced that it has informed the Board of Allfunds that Euronext withdraws its indicative offer to acquire 100% of Allfunds’ share capital.

   Euronext withdraws its indicative offer for Allfunds

   www.euronext.com/en/investor-relations/financial-information/news/euronext-withdraws-its-indicative-offer-for-allfunds

   See all results for this question

   Why did Allfunds cancel Euronext bid?

   • The fall in Euronext shares had made the stock portion of the bid less appealing to Allfunds, according to a person familiar with the matter. Allfunds said on Wednesday that the board “considered that the terms of the proposal were inadequate” and discussed the details but that “no agreement was reached and discussions have been terminated”.

   Allfunds shares tumble after Euronext abandons deal - Financial Times

   www.ft.com/content/36785899-c0d2-4447-81b5-6fb1828a8a51

   See all results for this question

   Did Euronext receive a rejection from Allfunds?

   • Euronext said it has not received a rejection from Allfunds. Euronext’s pursuit of Allfunds had prompted scepticism from some analysts and hit the group’s share price. The fall in Euronext shares had made the stock portion of the bid less appealing to Allfunds, according to a person familiar with the matter.

   Allfunds shares tumble after Euronext abandons deal - Financial Times

   www.ft.com/content/36785899-c0d2-4447-81b5-6fb1828a8a51

   See all results for this question

8. financialpost.com › pmn › business-pmnEuronext pulls $5.8 billion offer to buy Allfunds | Financial ...

   financialpost.com › pmn › business-pmn

   Mar 1, 2023 · PARIS — Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator’s shares while sending Allfunds’ lower.