FitzWalter Capital to acquire Auction Technology for $658m.

FitzWalter Capital, an investment firm, agreed to acquire Auction Technology, a digital marketplace business, for $658m. "The Board will continue to act in the best interests of all stakeholders and remains confident in ATG's standalone prospects. We have valued the constructive engagement with our shareholders over the last few weeks. The Board, mindful of its fiduciary duties, stands ready to constructively engage with FitzWalter, or any other party, if a comprehensive proposal that reflects fair value is presented to it. The Board firmly believes that FitzWalter's latest proposal fundamentally undervalues ATG and its future prospects," Scott Forbes, ATG Chair.