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

   www.euronext.com › en › investor-relations

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   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. This follows the statement regarding recent press ...

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

   www.reuters.com › markets › deals

   Feb 28, 2023 · Euronext shares jump, but Allfunds shares slump. PARIS, March 1 (Reuters) - Euronext (ENX.PA) has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm ...

3. 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 · Shares in fund platform Allfunds tumbled on Wednesday after Euronext abandoned an attempt to buy the group in a deal that would have valued it at €5.5bn. Euronext, Europe’s biggest exchange ...

   • Author: Sarah Provan

4. uk.finance.yahoo.com › news › allfunds-board-poisedEuronext pulls $5.8 billion offer to buy Allfunds - Yahoo Finance

   uk.finance.yahoo.com › news › allfunds-board-poised

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   Feb 28, 2023 · PARIS (Reuters) -Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator's shares while sending Allfunds'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. Euronext, home to the Paris, Amsterdam and Milan stock exchanges, did not say why it had dropped the cash-and-shares bid, but a source close to the matter said insufficient synergies, a drop ...

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

   www.bloomberg.com › news › articles

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   Feb 28, 2023 · Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover.

   • Author: Alexandre Rajbhandari

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

   financialpost.com › pmn › business-pmn

   Mar 1, 2023 · Over the past few years, Euronext has been involved in a series of acquisitions, including the integration of the Milan bourse, which it bought in a 4.4 billion euro deal in 2021. Hellman & Friedman is Allfunds’ largest shareholder with a 34.3% stake, while BNP Paribas holds 12.1%. Credit Suisse sold an 8.6% stake in Allfunds in October.

7. People also ask

   What happened to Euronext's Allfunds offer?

   • PARIS (Reuters) -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.

   Euronext withdraws 5.5 billion euro offer to buy Allfunds

   uk.finance.yahoo.com/news/allfunds-board-poised-reject-euronexts-224029422.html

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   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/

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   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

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   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

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   How did Allfunds & Euronext share price compare?

   • Allfunds' shares slumped around 13% to 7.21 euros in early trading, while Euronext shares rose around 5%. "Allfunds shares were trading around 7.20 euros before news of Euronext's unsolicited indicative offer became public.

   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/

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   What happened to Allfunds?

   • Allfunds, which offers investors access to a range of investment products in one place, was acquired by Hellman & Friedman in 2017 and grew through a series of deals, including a purchase of Credit Suisse Group AG’s InvestLab platform.

   Euronext Withdraws Takeover Bid for Allfunds Group

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

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8. news.bloomberglaw.com › mergers-and-acquisitionsEuronext Pulls $5.8 Billion Bid for Allfunds as Talks Fail (2)

   news.bloomberglaw.com › mergers-and-acquisitions

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   Mar 1, 2023 · Alexandre Rajbhandari. 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.