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Irish Continental says takeover panel extends deadline for offer till June 15


Published : Wed, 13 Jun 2007 14:31
By : Agencies
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LONDON (Thomson Financial) - Irish Continental Group PLC said the Irish takeover panel has extended until June 15 the deadline for a bidding consortium to make an offer for the company.

The panel had earlier said the consortium, comprising Doyle Group Ltd and One Fifty One Capital PLC, must make an offer for Irish Continental by June 13 or announce that it will not proceed with the bid.

The bidders, who expressed interest in making an offer on April 4, had confirmed on May 17 that their due diligence process was complete.

The offer was expected to be not less than 20.75 eur per Irish Continental share.

TFN.newsdesk@thomson.com

ash/faj/gp

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