BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out

Reuters12-05

** Shares of Australia's AUB Group AUB.AX have lost 14.9% so far this week, and set for their biggest weekly slump since late March 2020, if current trend holds

** The insurance broking firm said on Monday that a consortium, including Swedish private equity co EQT EQTAB.ST and CVC Asia Pacific, has informed that it will not proceed with a binding proposal at a price of A$45.00 per share

** The offer valued the insurance broker at A$5.25 billion ($3.47 billion)

** In October, company granted exclusive access to its books to EQT after receiving buyout offer

** AUB falls 0.8% on the day; YTD up 1.6%

($1 = 1.5124 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2589857540?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-05 11:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2589857540","market":"fut","top_or_hot":-1,"title":"BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out</title></head><body><p>** Shares of Australia's AUB Group <span>AUB.AX</span> have lost 14.9% so far this week, and set for their biggest weekly slump since late March 2020, if current trend holds </p><p>** The insurance broking firm <span>said</span> on Monday that a consortium, including Swedish private equity co EQT <span>EQTAB.ST</span> and CVC Asia Pacific, has informed that it will not proceed with a binding proposal at a price of A$45.00 per share</p><p>** The offer valued the insurance broker at A$5.25 billion ($3.47 billion)</p><p>** In October, company <span>granted</span> exclusive access to its books to EQT after receiving buyout offer</p><p>** AUB falls 0.8% on the day; YTD up 1.6%</p><p>($1 = 1.5124 Australian dollars)</p><p> (Reporting by Keshav Singh Chundawat in Bengaluru)</p><p> ((Keshav.singhchundawat@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-05 11:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out</title></head><body><p>** Shares of Australia's AUB Group <span>AUB.AX</span> have lost 14.9% so far this week, and set for their biggest weekly slump since late March 2020, if current trend holds </p><p>** The insurance broking firm <span>said</span> on Monday that a consortium, including Swedish private equity co EQT <span>EQTAB.ST</span> and CVC Asia Pacific, has informed that it will not proceed with a binding proposal at a price of A$45.00 per share</p><p>** The offer valued the insurance broker at A$5.25 billion ($3.47 billion)</p><p>** In October, company <span>granted</span> exclusive access to its books to EQT after receiving buyout offer</p><p>** AUB falls 0.8% on the day; YTD up 1.6%</p><p>($1 = 1.5124 Australian dollars)</p><p> (Reporting by Keshav Singh Chundawat in Bengaluru)</p><p> ((Keshav.singhchundawat@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7101","symbol_name":"保险经纪商","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251205:nL6N3XB05L:1","article_id":"2589857540","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589857540","pubTimestamp":1764903724,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out** Shares of Australia's AUB Group AUB.AX have lost 14.9% so far this week, and set for their biggest weekly slump si","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7101":"保险经纪商","AUB.AU":"AUB GROUP LTD"},"translate_title":"BUZZ-AUB集团在财团退出后将出现5年多来最严重的单周跌幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUB.AU":0.9},"content_text":"BUZZ-AUB Group set for worst weekly drop in over 5 years after consortium backs out** Shares of Australia's AUB Group AUB.AX have lost 14.9% so far this week, and set for their biggest weekly slump since late March 2020, if current trend holds ** The insurance broking firm said on Monday that a consortium, including Swedish private equity co EQT EQTAB.ST and CVC Asia Pacific, has informed that it will not proceed with a binding proposal at a price of A$45.00 per share** The offer valued the insurance broker at A$5.25 billion ($3.47 billion)** In October, company granted exclusive access to its books to EQT after receiving buyout offer** AUB falls 0.8% on the day; YTD up 1.6%($1 = 1.5124 Australian dollars) (Reporting by Keshav Singh Chundawat in Bengaluru) ((Keshav.singhchundawat@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2589857540","isCrawlerRequest":true}