PE Firms EQT, CVC Drop $3.44B Pursuit of Australian Broker AUB Group; Shares Drop
Australia’s AUB Group said on Monday its suitors EQT and CVC Asia Pacific had abandoned their pursuit that valued the insurance broker at A$5.25 billion ($3.44 billion), sending its shares more than 17% lower. Shares of the Sydney-based firm plunged 17.5% by 0011 GMT to A$30.66 in what could be their weakest day on record […]
PE Firms EQT, CVC Drop $3.44B Pursuit of Australian Broker AUB Group; Shares Drop Read More »