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Back in November 2020, I was talking here about AMP and the offer from the American company ARES to buy the whole AMP business.
Well, few months went by and a very surprising occurrence happened, ARES decided to dump AMP and not to proceed with the offer any longer.
What is the reason that the company that buys other businesses for a cheap price, often dismantles the business and sells them piece by piece, why would they reverse out of the offer and not go ahead with buying AMP.
Well, as it turned out, AMP was on a huge profit loss of 33% to the year before and ARES decided that the offer of $1.85 per AMP share.
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