Marlowe withdraws its $1.01bn offer for Restore.

Marlowe, a business-critical services and software provider, withdrew its $1.01bn offer for Restore, a integrated information and data management, technology recycling, and commercial relocation services provider. Restore rejected two offers from Marlowe. "We have made significant strategic progress in 2021, alongside a sustained recovery from the impact of the pandemic, becoming a larger, stronger and growing business. We were delighted to have received such strong support from our shareholders through this process and are committed to generating sustainable long-term value for them and all of our stakeholders, through the continued delivery of our strategy," Martin Towers, Restore Non-Executive Chairman. On June 22, 2021, Restore unanimously rejected Marlowe's $984m offer made on June 21, 2021. On June 28, 2021, Marlowe increased its offer from $984m to $1.01bn. On July 5, 2021, Restore rejected $1.01bn takeover offer. On August 10, 2021, Marlowe withdrew its offer.