Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > UK's Auction Technology turns down sweetened $658 million bid from FitzWalter

UK's Auction Technology turns down sweetened $658 million bid from FitzWalter

Published by Global Banking and Finance Review

Posted on January 19, 2026

1 min read

Last updated: January 19, 2026

K+S revenue report highlights Q2 revenue miss and sales volume drop - Global Banking & Finance Review — Image illustrating K+S's Q2 financial report, showing a decline in revenue and sales volume due to logistical challenges. Relevant to banking and finance news.

Tags:auction valuations investment financial community corporate governance

UK's Auction Technology turns down sweetened $658 million bid from FitzWalter

Overview of the Bid Rejection

Jan 19(Reuters) - Britain's Auction Technology on Monday turned down the most recent bid from FitzWalter Capital that values the company at 491 million pounds ($657.84 million), saying the offer highly undervalues the firm and its future prospects.

FitzWalter Capital's 400 pence per share offer was the twelfth bid by the London-based investment firm for Auction Technology.

The company, which currently holds more than 21% stake in Auction Technology, did not immediately respond to a Reuters request for comment.

Details of FitzWalter's Offer

"The Board, mindful of its fiduciary duties, stands ready to constructively engage with FitzWalter, or any other party, if a comprehensive proposal that reflects fair value is presented to it," said Scott Forbes, Chair of the online auction operator.

Company's Response and Future Engagement

($1 = 0.7464 pounds)

(Reporting by Rishab Shaju in Bengaluru; Editing by Janane Venkatraman)

Frequently Asked Questions about UK's Auction Technology turns down sweetened $658 million bid from FitzWalter

1What is an auction?

An auction is a public sale in which goods or property are sold to the highest bidder. It is commonly used for selling art, antiques, and real estate.

2What is a valuation?

A valuation is the process of determining the current worth of an asset or a company. It is essential for investment decisions and financial reporting.

3What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders.

4What is an investment?

An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, and other financial instruments.

5What is a financial community?

A financial community consists of individuals and organizations involved in the finance sector, including banks, investors, and regulatory bodies, collaborating for economic growth.

Overview of the Bid Rejection

FitzWalter Capital's 400 pence per share offer was the twelfth bid by the London-based investment firm for Auction Technology.

The company, which currently holds more than 21% stake in Auction Technology, did not immediately respond to a Reuters request for comment.

Details of FitzWalter's Offer

Company's Response and Future Engagement

($1 = 0.7464 pounds)

(Reporting by Rishab Shaju in Bengaluru; Editing by Janane Venkatraman)

Frequently Asked Questions

1What is an auction?

An auction is a public sale in which goods or property are sold to the highest bidder. It is commonly used for selling art, antiques, and real estate.

2What is a valuation?

A valuation is the process of determining the current worth of an asset or a company. It is essential for investment decisions and financial reporting.

3What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders.

4What is an investment?

An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, and other financial instruments.

5What is a financial community?

A financial community consists of individuals and organizations involved in the finance sector, including banks, investors, and regulatory bodies, collaborating for economic growth.