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Birmingham Post

Technology

Jon Robinson

What's next for identity tech company GB Group after takeover talks end with Chicago private equity firm

GB Group Chicago Asos eBay HSBC John Lewis Volvo GTCR Panmure Gordon

Takeover talks between an identity verification specialist and a Chicago-based private equity firm have ended.

Chester-based GB Group (GBG) said an "agreement could not be reached on terms" with GTCR.

The announcement, which saw shares in the company drop by 20%, comes after talks were first revealed towards the start of September.

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