Alfa Financial Software shares plunge after terminating takeover talks with THL
03/10/2023 15:31
LONDON, Oct 3 (Reuters) - Alfa Financial Software
ALFAAL.L shares plunged 15% on Tuesday after the company said
it had terminated talks with U.S. private equity firm Thomas H.
Lee Partners about a possible takeover.
Shares dropped as much as 14.8% after the announcement, and
by 1440 GMT were down 11.1% at the bottom of the FTSE All Share
Index .FTAS .
Alfa had confirmed the talks with THL on September 27,
sending its shares up as much as 15% to an 11-week high.
(Reporting by Lucy Raitano; editing by Danilo Masoni)
((Lucy.Raitano@thomsonreuters.com;))