The UK takeover timetable for Epiris’ acquisition of Gamma Communications has been extended again, giving the private equity firm until 5 August to decide whether to submit a formal acquisition offer for the telecommunications provider, according to a report by Reuters.
Gamma confirmed that the UK’s takeover regulator has granted the latest extension as discussions continue with Epiris and other potential interested parties.
The announcement was welcomed by investors, with Gamma’s shares rising...
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