22nd Aug 2018 18:36
LONDON (Alliance News) - Comcast Corp said Wednesday it has extended its offer for Sky PLC to September 12, having so far received acceptances of its offer from 0.2% of Sky shareholders.
Comcast Bidco Ltd, a subsidiary of Comcast Corp, in July made a 1,475 pence per share cash offer for Sky's 1.72 billion shares, reflecting a total of GBP26 billion. Thus far Comcast has received valid acceptances from 3.8 million Sky shares, 0.2% of the total issued share capital.
Shares in Sky closed up 0.4% at 1,534.50 pence on Wednesday.
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