- Iomart Group have confirmed that Cinven Capital Management have been granted an extension by the Panel on Takeovers & Mergers, following receipt of an indicative proposal from Cinven regarding a possible offer for iomart at a price of 300 pence per share in cash.

The panel has consented to an extension of the relevant deadline, until 5.00 p.m. on 16 September 2014 to enable Cinven to conduct initial due diligence and enable the parties to conclude their ongoing discussions.

At 12:04pm: [LON:IOM] Iomart Group PLC share price was +10.88p at 278.13p

Story provided by