Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Britain's Electra Private Equity ends buyout talks

Published 24/08/2018, 07:38
Updated 24/08/2018, 07:40
© Reuters.  Britain's Electra Private Equity ends buyout talks

(Reuters) - Electra Private Equity (L:ELTA) has ended talks about a possible buyout of the company after failing to receive a firm offer from interested parties, it said on Friday.

The company gave no indication of who the interested parties were, but said talks for a possible acquisition of some parts of its portfolio were ongoing.

Electra cautioned that there can be no certainty that talks will result in a transaction.

One of Britain's oldest private equity firms, Electra has been reorganising its structure since its split in early 2017 from investment manager Electra Partners. The firm began deal talks in May.

Electra said the final stage of its strategic review was continuing and that it would announce the results of the review before the end of October.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.