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Feb 28, 2023 · Euronext withdraws its indicative offer for Allfunds 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.
Feb 28, 2023 · Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds , boosting the exchange operator's shares while sending Allfunds'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.
Mar 1, 2023 · Hellman & Friedman acquired Allfunds as part of a consortium in 2017 and then helped list the company in 2021 on the Amsterdam exchange, which is owned by Euronext.
- Sarah Provan
Feb 28, 2023 · PARIS (Reuters) -Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator's shares while sending Allfunds'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 ...
Mar 1, 2023 · Euronext's indicative offer for Allfunds amounted to €8.75 per share and consisted of €5.69 per share in cash plus 0.04059 new shares. ... in its Amsterdam listing in 2021. Over the past few ...
Oct 27, 2024 · In its plan to take over Allfunds, the exchange operator proposed to pay €8.75 per share, at a rate of €5.69 in cash plus 0.04059 new shares. Euronext had also reported that it had been in talks with Hellman & Friedman and BNP Paribas, which together own 46.4% of Allfunds’ share capital, to obtain their support.
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Feb 28, 2023 · Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover.