OFX Takeover Exclusivity Ends as Talks Continue and Quarterly Income Slips
Closing price · 2026-10-26: $0.385 · -24.51%
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.