Global Courant
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The classified company Adevinta drops 12 percent after new printings in the newspaper columns.
News first emerged in September that an investor group led by takeover companies Blackstone and Permira was considering a bid for Adevinta. The share price immediately rose very sharply the next trading day and has since been just above NOK 100 per share.
However, doubts were raised over the weekend about the potential bid. According to Bloomberg, the investor group is now reconsidering the original plan.
Will discuss
Citing knowledgeable sources, the newspaper writes that the companies involved will now take the plan back to their investment committees to discuss whether they want to proceed with it. Disappointing market prospects in the period after the offer was announced must be one of the reasons why the takeover no longer seems so attractive, Bloomberg writes. There should also be no agreement on the price, the newspaper writes.
There were no stock market announcements from Adevinta on Monday.
The article continues below the advertisementWhen DN spoke to several analysts shortly after the takeover plans were announced, they believed that a price between NOK 110 and 120 per share could seem reasonable.
– Of course not positive, but not good to say until the company itself keeps the market informed, wrote manager Leif Eriksrød in Alfred Berg about the latest development in a message to E24 last weekend.
Energy drops
The main index on the Oslo Stock Exchange fell 0.6 percent in the opening minutes. It is the IT sector that is declining the most, more than two percent. The energy sector also contributes to dragging down the stock market.
Shortly after opening, these five companies were the most traded.
Otherwise, Strongpoint drops 14 percent. The company supplies technological solutions to retail chains and presented its third quarter results this morning. They showed declining revenues and losses, and the company now has to cut costs. The objectives for 2025 are set.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases via links that lead directly to our pages. Copying or other use of all or part of the contents may only be made with written permission or as permitted by law. For further conditions see here.
Adevinta shares fall sharply after new rumors
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