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System1 rejects Brave Bison's takeover offer due to undervaluation and unchanged terms.

Market News
28 Aug 2026
Proactive Investors
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Bearish
pluang ai news

System1 Group has again rejected Brave Bison's takeover offer, citing that the terms remain unchanged and the offer undervalues System1's shares. Brave Bison's proposal values System1 shares at a discount of 8.2% to the current market price, which System1's board unanimously opposes. No commitments from System1 shareholders have been secured by Brave Bison. System1 advises shareholders to wait for the formal board circular and upcoming trading update before taking any action.

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