Australia's MaxiPARTS hits 3-week low after Ares withdraws takeover bid
22/09/2026 02:25
BUZZ-Australia's MaxiPARTS hits 3-week low after Ares withdraws takeover bid ** Shares of MaxiPARTS MXI.AX fall 20.9% to A$1.85, their lowest level since September 2
** Stock on track to drop most since March 2020 if current losses hold
** Singapore-based unit of Ares Management withdraws ~A$138.9 million ($98.87 million) takeover proposal for the vehicle parts distributor
** Stock down 17.4% YTD, including moves in current session
($1 = 1.4049 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
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