LONDON (Alliance News) - Worthington Group PLC Friday said that the takeover deadline for its talks with Nuna Minerals AS has been extended yet again, for a sixth time, to December 11.
Nuna Minerals is in talks to obtain so-called 'rescue' refinancing from Greenland Mining Management Ltd with a view to then subsequently making an offer for Worthington.
Worthington said that progress is continuing to be made in terms of the proposed refinancing of Nuna, and a general meeting of Nuna is expected to be called to put the refinancing proposals to shareholders.
Worthington shares remain suspended.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Worthington Grp (WRN)