Shares in UK banknote printer De La Rue have fallen 15% after suitor Oberthur decided to throw in the towel.
The French company cited the “continued refusal of the board of De La Rue to engage in meaningful discussions”.
It follows the board’s rejection of Oberthur’s improved 935p-per-share offer earlier in the day.
Shares in the firm, which was plunged into crisis by production problems last year, ended the day down 125.5p at 694p, 26% below Oberthur’s offer price.
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