The deadline for a firm intention to make an offer from Australian giant Pexa for a takeover of Smoove has been extended.
PEXA was previously required to either announce a firm intention to make an offer for Smoove or to announce that it does not intend to make an offer by 17:00 today (22nd May).
However, Smoove has now announced that the deadline has been extended until 17:00 on 16th June 2023.
In a statement, Smoove confirmed the extension adding: “There can be no certainty either that an offer will be made nor as to the terms of any offer, if made. A further announcement will be made as and when appropriate.
“The Company remains in an “offer period”.”
Pexa had been one of two firms in discussions over a potential takeover of the online services provider however the other unnamed firm withdrew following the disclosure of Pexa’s interest last month.
