Published: January 5, 2026 at 8:48 am
London-listed Auction Technology Group has rejected a series of “unsolicited, opportunistic and highly conditional” approaches from FitzWalter Capital Limited, its largest shareholder, about a possible cash offer for the shares it does not already own.
The firm, which is also headquartered in the capital, said its board has unanimously rejected 11 proposals since 11th September 2025, including the latest approach on 23rd December 2025 at 360p per share, arguing they “fundamentally undervalue” the business and its prospects.
Its board has said that it is time for FitzWalter either to make a fairer proposal or otherwise allow the business to continue to move forward.