23rd Feb 2015 07:36
LONDON (Alliance News) - Quindell PLC said Monday it has extended the exclusivity period for its discussions with Slater & Gordon Limited regarding the disposal of its professional services division to March 31.
The insurance services outsourcing provider said that the discussions continue but that the indicative terms being discussed with the law firm for the division "would imply a significant premium to the company's market capitalisation" on Friday.
Quinell said there is no certainty that the talks with Slater & Gordon will lead to an offer for the division.
By Tom Waite; [email protected]; @thomaslwaite
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