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Allfunds Abandons Discussions About Potential Sale [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Most Read from Bloomberg Ray Dalio's Famous Trade Is Sputtering, Investors Bailing Tesla Stock in ‘No Man's Land' After 43% Rout Ahead of Earnings Billionaire Pinaults Fight to Pull Gucci Off the Discount Rack ‘Magnificent Seven' Roar Hours Away From Earnings: Markets Wrap Apple's China iPhone Sales Dive 19% in Worst Quarter Since 2020 Amsterdam-listed Allfunds received multiple expressions of interest about a deal but its board decided not to proceed with a sale, according to the people, who asked not to be identified discussing confidential information. Allfunds opted to shelve the process after the offers it received didn't fully reflect its growth prospects, they said. Bloomberg News reported in November that Allfunds had started gauging takeover interest from private equity firms including Cinven, CVC Capital Partners and Permira. Investment firm Motive Partners was among those considering a bid. Allfunds is roughly 49% owned by private equity firm Hellman & Frie
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