Auction Technology Group said to ...
Auction Technology Group, the London-listed online operator of auction marketplaces, is at the centre of a renewed round of takeover rumours.
People following the situation have heard talk Auction Technology Group may have attracted fresh takeover interest.
The rumoured takeover interest is said to have come after Auction Technology Group rejected multiple hostile takeover proposals, including one at 400p a share, from FitzWalter Capital, one of the company's largest shareholders, earlier this year.
People following the situation had heard speculation Auction Technology Group was working with advisers from Bank of America on garnering takeover interest and two private equity firms are rumoured to be circling the business.
The buy out firms interested in Auction Technology Group are said to be medium-sized private equity houses that specialise in technology deals with one outfit based in Boston and the other headquartered in New York, said people following the situation.
To be clear, this story is UNCOOKED. I have pasted the definitions of UNCOOKED below in case you don't recall their definitions.
UNCOOKED: Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop, rubbish or nonsense - but then again there may be something in it, so it's worth airing on Betaville.