Australia's Latitude Group terminates buyout offer for Humm's BNPL business

Brooke Lark/Unsplash

Australian digital payment and lending firm Latitude Group Holdings on Friday terminated its A$335 million ($235.97 million) offer to buy Humm Group Ltd’s consumer unit that includes its buy now, pay later (BNPL) business.

Shares of Humm Group fell as much as 11.3% to A$0.510, hitting their lowest since March 2020 and extending losses to a fifth session, after the news came in.

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