Deal deadline put off again

 

 

 

 

 

 

 

 

 

 

 

Journal: TWUK	Section:
Title:	Issue Date: 24/07/00
Author:	Page Number: 72
Copyright: Other

 

 

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Deal deadline put off again

PREUSSAG has extended the deadline even further for Thomson shareholders to agree to a takeover of the operator at 180p a share.

 

 

Shareholders now have until August 11 to accept the deal.

 

 

Preussag extended the first deadline of July 5 by two weeks after receiving less than 70% of Thomson’s shares.

 

 

However, by last Wednesday it had still only received 79% of the shares.

 

 

Meanwhile, the European Commission is expected to give its verdict on the takeover by Wednesday.

 

 

A Thomson spokesman said: “Some shareholders are waiting to hear from the EC before agreeing to the deal.

 

 

“But Preussag really does not need all the shareholders to accept. In fact the EC is the only thing that could actually stop this.”