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John Swan & Sons Says H&H Takeover Deadline Extended Fifth Time

Thu, 7th May 2015 17:01

LONDON (Alliance News) - John Swan and Sons PLC Thursday said the deadline for H&H Group PLC to make a takeover offer for the company has been extended for a fifth time until June 4.

The deadline has been extended four times previously, most recently until Thursday. The two companies are continuing talks at the indicative cash offer price of GBP13.50 per John Swan share. John Swan said the extension was for due diligence by H&H's lender to be finalised.

John Swan shares were untraded on Thursday, last trading at 1,155.00 pence per share.

By Joshua Warner;; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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