AUB Group shares fell sharply on Monday after EQT and CVC Asia Pacific ended a takeover pursuit that saw the Australian insurance broker valued at AUD5.25bn ($3.44bn), according to a report by Reuters.
The stock dropped 17.5% to AUD30.66 by early trading, making it the worst performer on the ASX200, which was flat on the day.
AUB said the consortium had withdrawn from further discussions, noting that the proposed AUD45-per-share offer appropriately reflected its market value. The offer, announced in late October, represented a 25.1% premium to the prior close at the time.
The group has reaffirmed its fiscal 2026 guidance, forecasting underlying net profit after tax of AUD215m to AUD227m, up from AUD200.2m in 2025.
