OFX Takeover Exclusivity Ends as Talks Continue and Quarterly Income Slips
Equals did not reconfirm its proposed cash takeover terms by the deadline, ending exclusivity, although discussions with OFX continue on a non-exclusive basis with no certainty of a deal. Quarterly net operating income rose from the previous quarter but fell year on year amid subdued business confidence; OFX also reported cost reductions and continues to target positive operating leverage for FY27. OFX shares fell around 17% on the day, alongside the update.
Closing price · 2026-10-26: $0.385 · -24.51%