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; email@example.com; @samuelagini
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