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Update: Credit Corp Group Ends Acquisition Talks With Humm Group; Humm Group Shares Dive 18%

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(Updates to add stock movement in the headline and fourth paragraph)

Credit Corp Group (ASX:CCP) has ceased discussions with Humm Group (ASX:HUM) regarding a potential acquisition, ending takeover talks after the parties were unable to agree on terms, according to a Monday filing with the Australian bourse.

Credit Corp identified unresolved concerns during commercial due diligence and reduced its indicative offer, per the filing.

Humm Group confirmed that a mutually acceptable transaction could not be reached, resulting in both parties ending discussions, the filing added.

Credit Corp Group's shares rose past 1% in midday trade Monday, while Humm Group's shares were down 18%.

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