8th Feb 2022 19:30
Tungsten Corp - London-based electronic invoicing and purchase order platform - Despite believing that the GBP50.5 million bid by Kofax Inc "significantly undervalues" the company, Tungsten has requested that Kofax be giving an extension to the deadline until which the suitor must announce a firm offer or pull out to February 22.
The deadline extension has been granted by the Panel on Takeovers & Mergers.
Current stock price: 34.40 pence, down 3.9% on Tuesday
12-month change: up 15%
By Dayo Laniyan; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
TUNG.L