Bang & Olufsen Ends China Takeover Talks, Sending Shares LowerBy and
Latest twist in an uncertain, months-long sales process
End of talks provides clarity for shareholders, company says
Bang & Olufsen A/S terminated talks with its billionaire Chinese suitor and biggest shareholder, after he missed several deadlines to make a full offer for the Danish luxury hi-fi system maker or substantiate an ability to do so. The stock lost as much as 13 percent.
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