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(Sharecast News) - Spire Healthcare said on Thursday that the deadline for Toscafund Asset Management to make a firm offer or walk away had been extended for a second time, as talks and due diligence continue.
The FTSE 250 private healthcare group said Toscafund, its second-largest shareholder, now has until 1700 London time on 9 July to announce a firm intention to make an offer under the Takeover Code or say it does not intend to bid.
The previous deadline had been 25 June, after an initial extension from 11 June.
Toscafund's revised non-binding proposal, announced in May, values Spire at 250p per share in cash and includes an option for shareholders to elect for an unlisted rollover equity alternative.
Spire said there could be no certainty that any firm offer would be made.
At 0908 BST, shares in Spire Healthcare Group were down 3.07% at 215.18p.
Reporting by Josh White for Sharecast.com.
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