FitzWalter Capital increases cash takeover offer for Auction Technology Group to 491 million pounds

FitzWalter Capital increased its cash takeover offer for Auction Technology Group ATG.L on January 16, 2026, raising the bid to 400 pence per share. This latest proposal values the British online auction operator at 491 million pounds ($658.43 million) and follows a series of rejected bids. Shares in the company, which is based in the United Kingdom GB, jumped 15% following the disclosure of the increased offer.

The new bid represents a significant increase from the previous offer of 360 pence per share, which the board of Auction Technology Grouprejected earlier this month. The board had previously stated that the 360 pence proposal undervalued the business and characterized the various approaches as opportunistic. This latest move marks the 11th takeover approach made by London-based FitzWalter Capital since discussions between the two firms began in September 2025.