Carlyle walks away from Chemring takeover

US asset management firm, The Carlyle Group, has called off its long, drawn-out discussions with Chemring about a potential takeover of the FTSE 250 defence contractor.

US asset management firm, The Carlyle Group, has called off its long, drawn-out discussions with Chemring about a potential takeover of the FTSE 250 defence contractor.

Ahead of the US firm's third-quarter results scheduled for release on Thursday morning in New York, the company announced that it no longer intends to make an offer for Chemring.

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