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- The board of Allfunds considered the Euronext proposal inadequate, according to a statement Wednesday. Subsequent discussions on terms with Euronext failed to produce an agreement and talks have been terminated, Allfunds said.
www.bloomberg.com/news/articles/2023-02-28/euronext-withdraws-takeover-bid-for-allfunds-group
Feb 28, 2023 · Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds , boosting the exchange operator's shares while sending Allfunds'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.
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.
Mar 1, 2023 · 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.
- 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Feb 28, 2023 · PARIS (Reuters) -Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator's shares while sending...
Mar 2, 2023 · Euronext says it dropped the bid after performing due diligence, an explanation rejected by Allfunds, which claims to have put the brakes on after concluding that Euronext's terms were...
Oct 27, 2024 · Euronext has withdrawn its bid for Allfunds, among other reasons, because of unsatisfactory due diligence and the stock market punishment that investors inflicted on the pan-European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.
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Mar 1, 2023 · PARIS — Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator’s shares while sending Allfunds’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.
