CVC consortium gets deadline extension for Network International bid
Sharecast – The consortium originally had until 1700 BST today to either announce a firm intention to make an offer or walk away. However, that deadline has now been extended to 1 June.
The payments firm announced on 17 April that it had received a non-binding proposal from the consortium regarding a possible cash offer of 387p per share.
Later that month, Network (LON:) International said it had received a “highly preliminary” 400p a share cash offer from Canada’s Brookfield Asset Management (TSX:), which has until 19 May to ‘put up or shut up’.
