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Activist investor decides against £491m ATG bid

Published: February 2, 2026 at 8:45 am

Author: Jonathan Symcox

FitzWalter Capital has opted against making a final bid to buy Auction Technology Group.

FitzWalter, ATG’s largest shareholder, recently slammed the company for failing to grant it access to conduct due diligence.

On 16th January 2026, FitzWalter announced that it was considering making an offer at a price of 400 pence in cash per ATG share after its previous 12 bids were rejected.

With a deadline of 5pm on 2nd February for any firm and final offer fast approaching, FitzWalter said the financial terms would not be improved – and this morning said it would not formalise a final bid.

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