Tritax Eurobox says Brookfield offer deadline extended; in talks with other parties
Tritax Eurobox (GBP)
66.00p
16:55 04/07/24
Tritax Eurobox rallied on Tuesday after it said the deadline for Brookfield Asset Management to make an offer for the company has been extended, and that it had received other expressions of interest from a number of parties.
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Brookfield announced last month that it was in the early stages of assessing a possible cash offer for Tritax. Under takeover rules, it had until 1700 BST on 1 July to either announce a firm intention to make an offer or walk away.
However, the ‘put up or shut up’ deadline has now been extended until 29 July "in order to facilitate ongoing discussions and due diligence," Tritax said.
Tritax also said that since the announcement from Brookfield in June, it has been in discussions with "a number of parties from whom it has received and/or solicited expressions of interest regarding a possible offer for the company".
"The board has also provided such parties with access to due diligence information," it added.
At 1530 BST, Tritax shares were up 4.6% at 66.10p.