Shares in Pinewood Technologies Group PLC have dropped 33% today after a £575 million private equity takeover fell through on Friday. US-based Apax Partners said it would not progress with a prospective offer of 500 pence per share for the Birmingham-headquartered tech provider to car dealerships. Apax blamed ‘prevailing challenging market conditions’ as software valuations … Continue reading Pinewood share price nosedives as £575m takeover falls through