UK's Auction Technology rejects buyout bids from top investor FitzWalter

UK's Auction Technology rejects buyout bids from top investor FitzWalter | Global Banking & Finance Review | GBAF

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Home > Finance > UK's Auction Technology rejects buyout bids from top investor FitzWalter

Finance

UK's Auction Technology rejects buyout bids from top investor FitzWalter

Published by Global Banking and Finance Review

Posted on January 5, 2026

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Tags:auction valuations investment financial community market capitalisation

Jan 5 (Reuters) - Auction Technology said on Monday that it had rejected a total of 11 buyout proposals from top shareholder FitzWalter Capital as they highly undervalued the British online auction operator and its future prospects.

London-based investment firm FitzWalter's latest proposal of 360 pence per share in cash valued Auction Technology at about 436 million pounds ($585.42 million).

Auction Technology connects buyers and sellers of second-hand goods through auction and listing platforms.

"The ATG board also believes that the repeated approaches, many of which were at the same proposed offer price, do not indicate an intention from FitzWalter to work towards a recommendable transaction," the company said in a statement.

($1 = 0.7448 pounds)

(Reporting by Rishab Shaju in Bengaluru; Editing by Subhranshu Sahu)

Frequently Asked Questions about UK's Auction Technology rejects buyout bids from top investor FitzWalter

1What is Auction Technology?

Auction Technology is a British online auction operator that connects buyers and sellers through auction and listing platforms, primarily for second-hand goods.

2What is a buyout proposal?

A buyout proposal is an offer made to acquire a company, typically involving a financial offer per share to the shareholders of that company.

3What is market capitalisation?

Market capitalisation is the total market value of a company's outstanding shares, calculated by multiplying the current share price by the total number of shares.

4What is FitzWalter Capital?

FitzWalter Capital is a London-based investment firm that holds a significant stake in Auction Technology and has made multiple buyout proposals for the company.