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CVC consortium gets deadline extension for Network International bid

Published 11/05/2023, 10:55
CVC consortium gets deadline extension for Network International bid
NETW
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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:NETW) International said it had received a "highly preliminary" 400p a share cash offer from Canada's Brookfield Asset Management (TSX:BNRE), which has until 19 May to ‘put up or shut up’.

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