Sanne requests another deadline extension as talks with Cinven continue

Fund administrator Sanne has asked the UK Takeover Panel for another extension to the date by which private equity firm Cinven must make a firm offer for the company or walk away.
Cinven was given a deadline of 1700 BST on Friday but this has now been pushed back to 6 August.

“There can be no certainty that any offer will be made, nor as to the terms of any such offer,” Sanne said, adding that a further announcement will be made if and when appropriate.

Sanne already asked for a deadline extension in June as it confirmed that it had decided to enter into discussions with Cinven, after it made a fifth, unsolicited offer for the business at 875p a share. In May, Sanne rejected an offer of 850p a share.

Related Articles

Sign up to the Wealth DFM Newsletter

Name

Trending Articles

Wealth DFM Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

Wealth DFM Talk Podcast – listen to the latest episode