Macquarie says no longer considering offer for Renewi
26/10/2023 13:52
Oct 26 (Reuters) - Asset manager Macquarie MQG.AX said
on Thursday it does not intend to make an offer for
London-listed Renewi RWI.L , after the waste management firm
rejected a revised offer.
Macquarie had in September proposed to pay 775 pence per
share, which Renewi said "fundamentally undervalues" the
company.
Shares in Renewi dropped 25.5% to 490 pence in afternoon
trading.
(Reporting by Eva Mathews in Bengaluru; Editing by Shilpi
Majumdar)
((Eva.Mathews@thomsonreuters.com;))