
Pressure rises for F&N with TCC's offer extension
Decision time is until 2 January.
According to an SGX announcement, TCC gave extra time to F&N to mull over accepting the former's offer of S$8.88 per share.
Here's what a portion of the announcement said:
The Financial Advisers wish to announce, for and on behalf of the Offeror, that the closing date of the F&N Offer has been extended to 5.30 p.m. (Singapore time) on 2 January 2013, or such later date(s) as may be announced by or on behalf of the Offeror.
Accordingly, the F&N Offer shall close at 5.30 p.m. (Singapore time) on 2 January 2013, or such later date(s) as may be announced by or on behalf of the Offeror (the "Extended Closing Date").