Shares in automotive software provider Pinewood Technologies (PINE) plunged 30% to 305.5p after Apax Partners withdrew its £575.5m takeover offer. In a statement on 13 February, the private equity giant blamed ‘prevailing challenging market conditions’ for its decision to walk away. Share price: 305.5p (-30%) PE: 54.6x Market cap: £502m Yield: n/a In response, Pinewood … Continue reading Pinewood plunges after Apax withdraws offer