6th Jan 2014 10:50
LONDON (Alliance News) - Pochin's PLC Monday said the deadline for a possible takeover by James Nicholson, a Property Development Director, and members of the Cedric Pochin concert party has been extended as talks over a possible deal continue.
The deadline has been extended to February 3 at 1700 GMT.
The civil engineering and property letting company said talks are ongoing but there is no guarantee of an offer.
In December, Pochin's said an indicative cash offer with a share alternative was at around 40 pence per share.
Pochin's shares were Monday quoted at 42.5 pence, untraded.
By Samuel Agini; [email protected]; @samuelagini
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