MaxiPARTS (ASX:MXI) said Ares Management Asia Singapore has withdrawn its non-binding proposal to acquire 100% of the company via a scheme of arrangement, following the completion of its due diligence process, according to a Tuesday Australian bourse filing.
The exclusivity deed between the parties will now be terminated, per the filing.
The company said trading conditions remained positive in the early months of fiscal 2027, maintaining its expectations for continued growth and improved financial performance, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.