Gabia, a cloud and IT infrastructure provider, saw its stock move primarily due to the failed tender offer by Macquarie Asset Management for a management buyout.

Macquarie Asset Management's tender offer for a management buyout failed after reaching only 22% of the minimum target, leading to the termination of the major shareholder change agreement. Despite governance issues, including a court-appointed inspector filing related to management disputes, the stock closed slightly higher on institutional buying.