COG Financial Services has withdrawn its offer to merge with Diverger, a company that provides compliance, technical and consulting services to accountants and financial planners. Last month, COG launched a competing bid for Diverger, which entered a scheme of arrangement with Count Ltd in September. The COG cash and scrip bid was A$1.41 a share, compared with Count’s offer of $1.14 a share. COG said in a statement yesterday that it has formed the view that Diverger’s large shareholders, who could control the vote in the offer, are unlikely to favour COG’s bid. Sezzle’s plan to delist from the Australian Securities Exchange has been ratified, with the ASX notifying the company that it has resolved to remove it from its official list. The last trading day will be January 12 next year. Investors will have the option of selling their CHESS depository interests before then or convert their CDIs into common stock (which is traded on Nasdaq). Investors who do nothing will have their CDIs converted into common stock on a one-for-one basis.