Daisy bidders revise offer
Fri, 17th October 2014

Daisy bidders revise offer

A consortium led by Daisy chief executive Matthew Riley has revised its offer to acquire the Lancashire-based IT group.

Riley, along with Toscafund Asset Management and Penta Capital, made a preliminary approach in August to acquired the Nelson company for 190 pence per share.

The consortium has now revised its offer to 185p per share. Daisy's shares closed at 155p on 16 October 2014.

The directors of Daisy said they are considered the revised terms of the potential offer.

The consortium has until 5pm on Monday (20 October 2014) to either announce a firm intention to make an offer or confirm it will not make a bid for the group.

The deadline to make a firm offer or walk away has been extended a number of times since the initial approach was first announced.

category North West  |  source Insider Media