News [update]: Accell Group breaks off takeover talks with bidder Pon Holdings

[Pedelecs]

Exploratory discussions between Accell and Pon have ground to a halt, according to a statement issued by Accell Group yesterday.

It said that Pon’s increased non-binding offer, up by €1 from €32 to €33 per share, failed to win both the confidence of Accell Group to continue discussions and the support of its shareholders.

Full story: http://www.pedelecs.co.uk/news/accell-group-breaks-takeover-talks-pon-holdings/

 

[flecc]

Good news I think, combined they would have been too dominant in the European market.
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