AUB Group Shares Plummet as EQT and CVC Abandon $3.44 Billion Bid

Summary Companies AUB shares fall by 17.5%, facing historic lows AUB asserts A$45 per-share offer matched market value AUB maintains fiscal 2026 outlook Dec 1 (Reuters) - Australia's AUB Group (AUB.AX) announced on Monday that its potential acquirers EQT (EQTAB.ST) and CVC Asia Pacific have terminated their bid, which valued the insurance broker at A$5.25 billion ($3.44 billion). This news caused a significant drop, with shares of the Sydney-based company falling 17.5% to A$30.66 by 0011 GMT, marking one of the weakest trading sessions in its history. They were among the biggest decliners on the ASX200 index (.AXJO), which remained relatively unchanged. In a statement, AUB reported that the consortium of Swedish private equity firm EQT (EQTAB.ST) and CVC Asia Pacific decided to stop discussions, but acknowledged that the A$45 per-share offer accurately reflected its market value. Although the offer was a 25.1% premium over AUB's last closing price when announced in late October, the stock has yet to meet that offer price.