Australian Shares Fall After AUB Group Walks Away From Consortium

Australian Shares Fall: Market Slides on AUB Group Shock

Australian equity markets opened in December with a sharp pull-back as Australian Shares Fall broadly after the dramatic collapse of the takeover bid for AUB Group (ASX: AUB). Shares in AUB plunged nearly 18 percent after the consortium led by private equity firms EQT AB and CVC Capital Partners Asia Pacific withdrew from the acquisition proposal.