PCF Group PLC - London-based specialist bank - Grants a second extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC, amid a tentative agreement on a takeover offer of PCF. Late last month, PCF agreed to extend the deadline for a formal offer to July 26, and on Tuesday it says this will be extended again to August 23. PCF has been in talks with Castle Trust about a possible all-share takeover. "The discussions are continuing to progress and agreement has been reached in principle on most of the key commercial terms of the possible offer," PCF says. Castle Trust is a London-based bank, offering savings accounts and mortgage lending.
Current stock price: 2.90 pence, down 3.3% on Tuesday
12-month change: down 78%
By Tom Waite; thomaslwaite@alliancenews.com
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