Deals
Artnet Shareholders Mull Takeover as CEO Neuendorf Quits
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Two shareholders of Artnet AG said they are weighing a bid to acquire the art-market-data provider next month. The company’s founder and chief executive officer Hans Neuendorf said he opposes a takeover.
Artnet announced yesterday that Neuendorf, 74, will step down as CEO to make way for his son Jacob Pabst with effect from July 1. Today the company said in a statement it is closing its online magazine, a step it expects will increase profit by about 2 million euros ($2.5 million) in 2013.