(Reuters) - Superloop Ltd said on Thursday it has ended exclusive talks with QIC Private Capital Pty Ltd over a A$493.9 million ($342.0 million) takeover offer for the telecommunications infrastructure company.
Superloop had granted QIC, which offered A$1.95 per share for Superloop, three weeks of exclusive access to the company's books.
"The Board in discussions with QIC have been unable to agree to a transaction and on that basis, the parties have decided to discontinue the period of exclusivity," Superloop said in a statement.
(Reporting by Nikhil Kurian Nainan in Bengaluru; editing by Richard Pullin)
