Auction Group Rejects FitzWalter's Takeover Bids
Update: 2026-01-05
Description
Auction Technology Group has rejected multiple takeover bids from FitzWalter, deeming them undervalued. The latest offer was for £360 per share, but shares were trading at £285. The companys shares surged after the news, opening at £322. The board views this as an opportunistic move, as the market price doesnt reflect the companys true worth. Despite a significant accounting charge, the companys full-year results beat expectations. This rejection adds to concerns about more takeovers in London-listed firms. Checkout Solipillow.com
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