StockMarketWire.com - Retail property developer Intu Properties said Thursday the date by which a consortium backed by Peel Group, the Olayan Group and Brookfield Property Group were required to make a firm offer for the company had been extended once again.

The consortium confirmed that its legal, tax, accounting and commercial due diligence was now largely complete and that it had made 'substantial' progress on the financing of the possible offer, but requested an extension to finalise financing.

Under the market rules, the consortium was now required to make a firm offer by no later than 5.00 p.m. on 30 November, a marking a the third consecutive extension from initial 1 November deadline.


At 8:54am: [LON:INTU] Intu Properties share price was +0.45p at 195.9p



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