GlobalData (LON: DATA) shares plummeted more than 15% to 145.5p in early Wednesday trading after the company announced the termination of acquisition discussions with funds managed and/or advised by ICG Europe Fund IX GP S.a.r.l on behalf of ICG Europe Fund IX SCSP.
The decision brings an end to a preliminary, conditional proposal that had emerged in late April.
On April 30, 2025, GlobalData confirmed it had received a potential cash offer for its entire issued share capital from ICG, which also included an option for shareholders to elect for an unlisted equity alternative.
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However, today’s announcement confirms that those discussions have now ceased.
Despite the abrupt end to the takeover talks, GlobalData expressed strong confidence in the company’s future.
They remain committed to implementing their three-year Growth Transformation Plan, which targets annualised revenues of £500 million by the end of 2026.
Technically, GlobalData remains in an “offer period” until 5 pm on June 11, as per regulatory rules. ICG can also formally declare that it does or does not intend to make an offer during that period.
The market’s sharp reaction has seen GlobalData shares fall close to levels it was trading at before the open on April 30.
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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY