Shopping centre landlord Intu Properties said on Thursday the deadline for a possible takeover offer had been extended once again.
The group, which owns Manchester’s Trafford Centre and the Lakeside retail centre in Essex, is the subject of a possible £2.9bn takeover by a consortium of investors led by British billionaire John Whittaker.
Earlier this month the consortium, which owns about a third of Intu’s stock already, requested the deadline for making a firm offer be extended, which Intu agreed to. On Thursday Intu said the group had again requested an extension, in order to satisfy pre-conditions including its financing arrangements with its lender.
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