Published 24 November 2011
Pyne Gould Corp Ltd director George Kerr extended his takeover bid for the company yesterday by another 7 days, to Friday 16 December.
The bid vehicle, Australasian Equity Partners Fund No 1 LP, holds 38.67% of Pyne Gould. It’s also extended the period for it to declare the offer unconditional by a week, to Friday 30 December.
AEP’s original offer was 33c/share. It raised the offer to 37c on 17 November.
22 November 2011: Extra 4c changes everything at Pyne Gould
18 November 2011: Kerr lifts PGC offer as appraisal of original bid released
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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.