March 11, 2019 / 8:13 AM / 10 days ago

Advent drops takeover bid for Cerved

MILAN, March 11 (Reuters) - Buyout fund Advent has dropped its takeover bid for Italian credit data provider Cerved after news of its offer was leaked to the market, Cerved said on Monday.

The leaked bid boosted Cerved’s share price, making the outcome of the bid uncertain, Cerved said in a statement.

Reporting by Andrea Mandalà; Editing by Mark Bendeich

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