19th Oct 2015 07:24
LONDON (Alliance News) - EKF Diagnostics Holdings PLC on Monday said the deadline for China's JinJing Group Co Ltd has been extended as it outlined the current nature of the talks.
EKF said the deadline has been extended to October 23, having been due to expire on Monday, for JinJing to make firm offer.
It said the two are currently working on concluding due diligence and to agree the terms of a possible takeover offer, including a possible cash offer by JinJing and subsequent distribution of EKF's holdings in its molecular business to shareholders.
EKF shares were up 14% to 23.45 pence on Monday morning, one of the best performers in the AIM All-share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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