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1. • • Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover.
     www.bloomberg.com/news/articles/2023-02-28/euronext-withdraws-takeover-bid-for-allfunds-group

     Euronext Withdraws Takeover Bid for Allfunds Group

2. www.euronext.com › en › aboutEuronext withdraws its indicative offer for Allfunds

   www.euronext.com › en › about

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   Feb 22, 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. 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   Feb 28, 2023 · Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds , boosting the exchange operator's shares while sending Allfunds'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.

4. 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 · “We have decided to withdraw our offer following due diligence,” Euronext told the Financial Times. “We never received a rejection of our offer,” it said.

   • Author: Sarah Provan

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

   thecorner.eu › news-spain › spain-economy

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   Oct 27, 2024 · Euronext has withdrawn its bid for Allfunds, among other reasons, because of unsatisfactory due diligence and the stock market punishment that investors inflicted on the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

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   Feb 28, 2023 · Euronext NV has withdrawn an indicative, €5.5 billion ($5.8 billion) offer for investment-platform Allfunds Group Plc after both sides were unable to agree on the terms of a takeover.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

   • Author: Alexandre Rajbhandari

7. www.globalbankingandfinance.com › euronext-pulls-5Euronext withdraws 5.5 billion euro bid for Allfunds

   www.globalbankingandfinance.com › euronext-pulls-5

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   Euronext drops cash-and-shares bid for fund distribution firm Allfunds, boosting their shares and sending Allfunds' lower due to factors like insufficient synergies and timing uncertainties.

8. 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

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   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/about/media/euronext-press-releases/euronext-withdraws-its-indicative-offer-for-allfunds

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   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/

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   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

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   Why did Euronext withdraw its offer?

   • The takeover would have been the latest in a buying spree for Euronext, which has scooped up several exchanges and market infrastructure companies in recent years under chief executive Stéphane Boujnah. “We have decided to withdraw our offer following due diligence,” Euronext told the Financial Times.

   Allfunds shares tumble after Euronext abandons deal - Financial Times

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

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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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9. www.reuters.com › markets › dealsEuronext hits reset button for Allfunds' M&A prospects after ...

   www.reuters.com › markets › deals

   Mar 1, 2023 · On Tuesday, Euronext withdrew its indicative offer, and Allfunds said its board had considered the terms inadequate and discussions were terminated.