LONDON (Alliance News) - 600 Group PLC Wednesday said talks over a possible takeover of the company by Qingdao D&D Investment Group Co are ongoing, as the Takeover Panel agreed to yet again extend the deadline by which an offer must be made.
The previous deadline has now expired, with the new deadline set for January 1.
600 Group, which manufactures and distributes machine tools, precision engineered components and laser marking equipment, has been in talks over a potential takeover since September.
Qingdao D&D Investment Group is a Chinese company with a portfolio of companies operating in sectors including tools like metalworking and woodworking machines.
600 Group shares were Wednesday quoted at 20.25 pence, down 2.4%.
By Samuel Agini; firstname.lastname@example.org; @samuelagini
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.