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LONDON (Alliance News) - Worthington Group PLC Friday said it has secured a thirteenth extension to the deadline by which Nuna Minerals AS must announce a firm intention to make an offer for the company or walk away from the potential deal.
The latest extension is to July 22, while the previous deadline was the close of play Friday.
Worthington said it understands progress has been made in relation to the proposed refinancing of Nuna by Greenland Mining Management Ltd, but reiterated there can be no certainty discussions will lead to an offer.
The takeover deal was originally struck in May 2015.
Worthington shares remain suspended.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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