Investing.com -- On Wednesday, British data analytics and consulting firm GlobalData (DATAL) announced an extension to the deadline for a firm takeover offer from private equity company ICG (ICG).
The new deadline has been set for June 11.
In contrast, the company ceased negotiations with another private equity firm, KKR (KKR), after the two parties could not agree on the terms of a potential deal.
GlobalData had previously revealed in April that it was discussing a possible cash offer with funds managed by both ICG and KKR.
The proposition also included an option for shareholders to opt for an unlisted equity alternative.
The original deadline for these private equity funds to submit their bids was May 28.
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