StockMarketWire.com - HarbourVest's offer for Absolute Private Equity has been extended until 26 July following an order by the Swiss Takeover Board.

The board confirmed that the amended offer complied with the statutory provisions relating to public tender offers and instructed the board of directors of Absolute to publish an addendum to its additional report of 13 July in which the board of states the reasons it agreed to increase the reimbursement of the transaction costs (break-fee) of HarbourVest.

The publication of this addendum causes a delay to the offer, and the board ordered HarbourVest Acquisition to publish an amended indicative timetable and to make sure that the offer remains open for at least five trading days after the publication of the addendum.




Story provided by StockMarketWire.com