UK's Safestay tumbles after Infill Capital backs out of possible takeover
14/07/2026 12:18
BUZZ-UK's Safestay tumbles after Infill Capital backs out of possible takeover ** Shares of hostel operator Safestay SSTY.L plunge as much as 42.6% to 13.77 pence after potential takeover falls through
** Stock on track to record worst one-day percentage drop ever
** Infill Capital Partners says it does not intend to make an offer for co, without giving reason
** Last week, Safestay said it was in talks with Infill over a possible £40.9 million ($54.70 million) take-private offer
** Including session losses, stock is down ~13% YTD
($1 = 0.7477 pounds)
(Reporting by Neeshita Beura in Bengaluru)